Guyana

Corporation Tax Act

Effective for the year of income commencing 1 January 2026:

• Income arising from agriculture and agro-processing is now exempt from corporate tax.
• Income arising from childcare services and elderly care services is now exempt from corporate tax.

Value-added tax (VAT)

Effective from 16 February 2026, the following apply to VAT:

• Zero-rating of fire extinguishers and smoke alarms.

• Zero-rating of security equipment, including security cameras and alarm systems.
• Zero-rating of locally produced furniture and locally produced jewellery.
• The restriction on zero-rated supplies of items "for use in the mining, forestry, agriculture, and manufacturing industries and by Toshaos from Amerindian communities" has been removed, broadening the application of zero-rating under paragraph 10 of Schedule I.
• The following supplies are now exempt: double cab pickups not exceeding 2,500 cc; new vehicles (less than four years old) not exceeding 1,500 cc; and hybrid vehicles not exceeding 2,000 cc.
• The horsepower threshold for outboard engines exempt from VAT has been increased from 75 hp to 150 hp.