English
Arabic
Chinese (Simplified)
Dutch
French
German
Italian
Portuguese
Russian
Spanish
| Year of Income (YI) |
Year of Assessment (YA) |
Amount of Deduction |
Threshold Rates on Chargeable Income |
|---|---|---|---|
| 2007 | 2008 | $336,000 | 33 1/3% |
| 2008 | 2009 | $420,000 | 33 1/3% |
| 2009 | 2010 | $420,000 | 33 1/3% |
| 2010 | 2011 | $420,000 | 33 1/3% |
| 2011 | 2012 | $480,000 | 33 1/3% |
| 2012 | 2013 | $600,000 | 33 1/3% |
| 2013 to 2014 | 2014 to 2015 | $600,000 | 30% |
| 2015 | 2016 | $600,000 + 5.6% (Gross less than $200,000 w.e.f. October 2015) | 30% |
| 2016 | 2017 | $660,000 + 5.6% (Gross less than $200,000 w.e.f. October 2015) | 30% |
| 2017 | 2018 (Income $180,000 and under) | $720,000 + 5.6% Gross income | 28% |
| 2017 | 2018 (Income $180,000 and Over) | 1/3 of Gross Income + 5.6% NIS of Gross Income (less than or equal to $220,000) | First $1,440,000 @ 28% balance @ 40% |
| 2018 | 2019 (Income $180,000 and under) | $720,000+ 5.6% Gross income | 28% |
| 2018 | 2019 (Income $180,001 and Over) | 1/3 of Gross Income + 5.6% Gross Income (less than or equal to $240,000) | First $1,440,000 @ 28% balance @ 40% |
| 2019 | 2020 (Income $195,000 and under) | $780,000 + 5.6% Gross income | 28% |
| 2019 | 2020 (Income $195,001 and Over) | 1/3 of Gross Income + 5.6% Gross Income equal to or less than $240,000) | First $1,560,000 @ 28% balance @ 40% |
NOTE: NIS is not a deductable for Self-Employed persons.
PAYE INDIVIDUALS INCOME $195,000 AND UNDER
| Daily |
Weekly |
Fortnightly |
Monthly |
Yearly |
Rate of Tax |
|---|---|---|---|---|---|
| $2,137 + 5.6% Gross Income | $15,000 + 5.6% Gross Income | $30,000 + 5.6% Gross Income | $65,000 + 5.6% Gross Income | $780,000 + 5.6% Gross income | Free |
| Balance @ 28% | Balance @ 28% | Balance @ 28% | Balance @ 28% | Balance @ 28% | Balance @ 28% |
| $6,411 | $45,000 | $90,000 | $195,000 | $2,340,000 | INCOME BASE |
PAYE INDIVIDUALS INCOME $195,001 AND OVER
| Daily |
Weekly |
Fortnightly |
Monthly |
Yearly |
Rate of Tax |
|---|---|---|---|---|---|
| 1/3 of Income + 5.6% Gross income( less than or equal to $240,000) | 1/3 of Income + 5.6% Gross income( less than or equal to $240,000 ) | 1/3 of Income + 5.6% Gross income( less than or equal to $240,000) | 1/3 of Income + 5.6% Gross income( less than or equal to $240,000 ) | 1/3 of Income + 5.6% Gross income( less than or equal to $240,000) | Free |
| $4,274 | $30,000 | $60,000 | $130,000 | $1,560,000 | 28% |
| Balance @40% | Balance @40% | Balance @40% | Balance @40% | Balance @40% | 40% |
| $6,411 | $45,000 | $90,000 | $195,000 | $2,340,000 | INCOME BASE |
Contact Us:
Tax Advisory Services Section
Communications & Tax Advisory Services Division
Guyana Revenue Authority
200 -201 Camp Street
Georgetown
Guyana
Tel: 227-6060 | 227-8222 Ext: 1201-1204
Email: gravat@gra.gov.gy
Website: www.gra.gov.gy
