The Guyana Revenue Authority recently issued a notice to employers, employees, and self-employed persons on individual income tax changes for 2024. The main points are as follows (see the notice for detailed computations). --- Notice to Employers, Employees & Self-Employed Persons | Changes to Income Tax Threshold (2024) Effective January 1, 2024, the Income Tax (Amendment) Act No. 2 of 2024 has brought changes to the personal allowance and deductions for employed and self-employed individuals. Here are the key updates: 1. ANNUAL STATUTORY DEDUCTION: The amendment to Section 20 of the Income Tax Act, Chapter 81:01 sets the annual statutory...