Guyana

Corporate - Significant developments

Last reviewed - 03 August 2021

Corporation Tax Act

The Corporation Tax Act has been amended by the Corporation Tax (Amendment) Act 2020 to provide that the following are exempt from corporation tax effective1 January 2020:

  • private corporate education institutions
  • private corporate medical health care institutions

Value Added Tax Act

The Value-Added Tax (Amendment of Schedule I and II) Order 2020 amended Schedules I and II of the  Value Added Tax Act to include the following:

Schedule I -  Zero-rated supplies effective 1 October 2020

  • The supply of locally produced sand, stones, concrete blocks, plywood, logs and lumber of a type and quality used in construction and housing.
  • The supply of capital equipment and machinery used in the mining, forestry, agriculture and manufacturing industries.
  • The supply of all-terrain vehicles for use in mining, forestry, agriculture and manufacturing industries and by Toshaos from Amerindian communities.
  • Fertilizers
  • Agro-chemicals
  • Pesticides

Poultry Industry   

  • Uncooked bird's eggs
  • Uncooked fresh, chilled or frozen chicken
  • Hatching eggs
  • Baby chicks and live chicks
  • A supply of poultry feed and ingredients of poultry feed
  • A supply of packaging material for use in the poultry industry

Investment / Local Manufacturing 

  • Goods and services in agro-processing facilities, cold storage and packaging.

               Medical Supplies

  • A supply of over the counter drugs
  • Items such as energy drinks and food supplements classified under Chapter 21 of the  Common External Tariff
  • The supply of medical, dental, hospital, optical or paramedical services, to the extent provided in the regulations and medical supplies other than veterinary services

Travel and Transportation 

  • A supply of river and land crossing services to the hinterland regions
  • Supply of services of transporting passengers or goods by air, river or land from one place in Guyana to the hinterland regions

 

Schedule I -Zero-rated supplies effective 1 April 2020

Utilities 

  • The supply of electricity for consumption 
  • The supply of water for consumption

Schedule II - Exempt Supplieseffective 1 October 2020

  • Mobile phones