The Guyana Revenue Authority has published the Property Tax Act (Rev. 2019). The revised Act provides that with effect from 2019, both individuals and companies with net property valued at GYD 40 million or more at the end of the year will be required to file a property tax return. The rates of property tax are set as follows:

• up to GYD 40 million of net property - 0%
• GYD 40 million to 60 mil…