As previously reported, Guyana recently published the amendment acts, orders, and regulations for the implementation of the budget measures for 2023, including the Income Tax (Amendment) Act 2023, which increased the monthly taxable income threshold (allowance) for individuals from GYD 900,000 to GYD 1,020,000 per year (from GYD 75,000 to GYD 85,000 per month). In addition to this measure, the Amendment Act also increased the income threshold for chargeable income subject to the lower 28% rate and the upper 40% rate from GYD 1,800,000 to GYD 2,040,000. Further, the Amendment Act increased the individual tax return filing exemption threshold from...