Corporate - Significant developments

Last reviewed - 01 February 2024

Proposed 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)

The proposed VAT measures are as follows:

  • Removal of VAT and customs duties on fire extinguishers and smoke alarms.
  • To promote access to sports and technology, the government will remove VAT and customs duties on sports equipment and on cell phone accessories, such as chargers, charging cables, and headphones, along with phone components for repairs.