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Guyana Budget for 2024 Includes Increased Monthly Allowance for Individuals, New VAT Exemptions, and Other Measures

|Approved Changes|Guyana
Guyana

Guyana's Ministry of Finance has published the Budget Speech 2024, which was delivered on 16 January 2024. Measures include:

  • Increasing the monthly taxable income threshold (allowance) for individuals from GYD 85,000 to GYD 100,000 per month (GYD 1,020,000 to GYD 1,200,000 per year);
  • Maintaining the 0% excise tax on fuel (petroleum products) as long as fuel prices remain elevated (provided si…

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