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Guyana Proposed Budget Tax Measures for 2019

18 January 2019

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Proposed Changes

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Guyana

According to recent reports, Guyana's Ministry of Finance has delivered the Budget for 2019. The proposed tax measures of the budget include: A reduction in the corporate tax rate for non-commercial companies from 27.5% to 25%; An increase in the property tax threshold to GYD 40 million for both companies and individuals; An increase in the capital gains threshold on property disposals to GYD 500,000; and The introduction of VAT and customs duties exemptions on new equipment used for manufacturing, construction, or agriculture, subject to certain conditions. The measures must be approved before entering into force. Additional details will be...