Guyana

Paying Taxes in

Guyana

Listed below is a detailed summary of the taxes and mandatory contributions that a medium-size company must pay or withhold in a given year, as well as measures of administrative burden in paying taxes.

The information appearing on this page was collected as part of the Doing Business project, which measures and compares regulations relevant to the life cycle of a small- to medium-sized domestic business in 183 economies. The most recent round of data collection for the project was completed in December 2010.

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To see indicator data for all economies, see the Paying Taxes page. To see how economies rank, see the Rankings page.

Tax or mandatory contribution Payments (number) Notes on Payments Time (hours) Statutory tax rate Tax base Total tax rate (% profit) Notes on TTR
Corporate income tax 5 48 35% taxable profit 22.8
Social security contributions 12 48 7.8% gross salaries 8.8
Property tax central authority 1 0.5% & 0.75% equity 1.2
Property tax local authority 1 250% assessed property value (old values, below current market value) 1.1
Capital gains tax 1 20% capital gains 1
Fuel tax 1 variable fuel consumption 1
Tax on interest 0 withheld 20% interest income 0.5 included in other taxes
Vehicle registration fees 1 fixed fee (GYD 30000) fixed fee 0.3
Stamp duty 1 GYD 1 per GYD 1,000 transaction value small amount
Value added tax (VAT) 12 167 16% value added not included
Totals: 35 263 36.1
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