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Guyana Budget 2022 Delivered Including Support for Certain Imports, Individual Income Tax, and Other Measures

04 February 2022

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Proposed Changes

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Guyana

Guyana's Finance Minister delivered the Budget 2022 on 26 January 2022. Specific tax measures of the budget include the following: Measures to support the renewal of the industrial and commercial transport fleet, including: removal of the 10% excise tax and 14% VAT on the import of new motor trucks of any tonnage for the transport of goods (new means vehicles less than four years old); removal of the 14% VAT on the import of new haulers for pulling containers and similar vehicles for pulling; removal of the 10% excise tax on the import of new double-cab pickups below 2000 cc,...