VALUE ADDED TAX (VAT)
Value Added Tax (VAT) - a tax that is added to the original price of most goods and services supplied in Guyana for domestic consumption. VAT is chargeable at a standard rate of sixteen percent (16%) on the taxable supply of goods and services within Guyana by a registered person.
Value Added Tax (VAT) is a tax on the domestic Consumption of imported and locally produced goods and/or services (not exports); paid as a percentage of their value at the time they are sold, paid for or delivered.
VAT was introduced in Guyana on January 1, 2007 and replaced the following six (6) taxes:
• Consumption Tax
• Purchase Tax
• Hotel Accommodation Tax
• Telephone Tax
• Service Tax
• Entertainment Tax
For more information please check the following GRA links: