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ADVISORY – Tax Return Deadline Extended

ADVISORY – Tax Return Deadline Extended

July 2, 2020

The Guyana Revenue Authority (GRA) wishes to advise the general public that the April 30 due date for the filing of tax returns (Income, Corporation, Property and Capital Gains) has been further extended to September 30, 2020.

Taxpayers are also reminded that the payment of Advance Corporate and Individual Taxes for Year of Assessment 2021 (Year of Income 2020) for all persons and PAYE for businesses affected by COVID-19, has also been extended to September 30, 2020 without incurring penalty and interest. All affected businesses (for example: airline, tourism, hotel and transportation) will be allowed to pay advance tax on the current year basis upon application to the Commissioner General.

These tax relief measures were approved by the Government of Guyana to support businesses and individuals who have been socially and economically disadvantaged by the Corona Virus pandemic. In addition, the processing of Value Added Tax (VAT) and PAYE refunds for businesses will also be expedited.

Taxpayers are also reminded that Balance of Taxes for the Year of Income 2019 (Year of Assessment 2020) were due by April 30, 2020 despite this further extension of the filing date to September 30, 2020.