Guyana
Corporate - Significant developments
Last reviewed - 01 February 2024Proposed fiscal and tax measures
The 2024 National Budget was presented on 15 January 2024. During their presentation, the government proposed certain fiscal and tax measures. It is expected that some of the proposed measures will be enacted in the coming months. Until such time, the following changes do not form part of Guyana's tax legislation.
Value-added tax (VAT) and excise tax
The proposed VAT measures are as follows:
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Removal of VAT and Duty on fire extinguishers and smoke alarms
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To promote access to sports and technology, the Government will remove value added tax and custom duties on sport equipment and on cell phone accessories, such as chargers, charging cables, and headphones, along with phone components for repairs