File a return as an employee

What you need to know:

Employees earning an income, whether in excess of or below $780,000 annually, or $65,000 per month, for the year, must submit an Income Tax Return and pay outstanding taxes by April 30, in each your taxes are being assessed. Further, if you are earning an income below the annual threshold of $780,000, you are still required to file an Income Tax Return.

Income Tax Returns must be filed along with a 7B Slip (emolument slip), issued by your Employer(s). It is strongly advised that you ensure your Employer/Finance/Accounts Officer stamps and signs the emolument slip before you submit same to the Guyana Revenue Authority.

Taxpayers lodging their Returns with the Guyana Revenue Authority are to ensure that a lodgement receipt ‘stamped and signed’ by the GRA Officer, is issued for each year (period) that a Return was lodged. This receipt serves as proof that you have filed your Income Tax Return.

NOTE: If your employment has been affected due to an accident, disability, overseas training, etc, you are required to bring this information to the attention of the Commissioner-General by way of a letter. All taxpayer details such as Name, Address, TIN, previous employer, and period(s) worked, should be addressed in the said letter.

Further to the above, individual taxpayers with multiple employers must note that the statutory deduction or free pay of G$780,000, should only be deducted by the primary Employer. As such, it is imperative to note that the deductions are not allowed on each income earned but provides for each individual to be allowed a deduction of $780,000 for each year. Therefore, the Employee should ensure that the Secondary Employer does not deduct free-pay during the earning period, as you will be held accountable for any over-deductions incurred.

For assistance with your Income Tax calculations, use our Income Tax Calculator