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Guyana Announces VAT and Excise Reductions on Vehicle Imports and Fuel

31 March 2022

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Approved Changes

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Guyana

The Guyana Revenue Authority has announced the implementation of the VAT and excise duty measures of the Budget 2022. The measures are effective 11 February 2022 and include: Removal of VAT on the import of: new motor trucks of any tonnage used in the transport of goods (new means vehicles less than four years old); new haulers or similar vehicles used for pulling containers, cranes, and safety equipment and oil spill equipment for use in various industries, subject to the satisfaction of the Commissioner-General; Reduction of excise tax on the import of: new single-cab pickups less than 3000 cc -...