Guyana Tax Rates
Guyana operates a progressive tax system administered by the Guyana Revenue Authority (GRA). Personal income tax has a top rate of 40%, corporate tax is 25% (40% for non-commercial companies), and VAT is 14%. Guyana has experienced rapid economic growth since the discovery of major offshore oil reserves in 2015, making it one of the fastest-growing economies globally.
Top Income Tax Rate
40%
Corporate Tax Rate
25%
VAT / Sales Tax
14%
Capital Gains Tax
20%
Detailed Tax Information
Income Tax Brackets
Guyana imposes a progressive personal income tax at 28% on the first GYD 1,560,000 of taxable income (after a GYD 780,000 annual allowance) and 40% on income above that. Residents are taxed on worldwide income; non-residents at a flat 20% on Guyanese-source income.
| Income Range | Tax Rate |
|---|---|
| G$0 – G$780K | 0% |
| G$780K – G$1.6M | 28% |
| G$1.6M+ | 40% |
Corporate Tax
Guyana imposes a 25% corporate tax on commercial companies and 40% on non-commercial companies (including holding and investment companies). The petroleum sector is subject to special fiscal terms under Production Sharing Agreements, with an effective 50% take from oil profits.
Standard Rate
25%
Capital Gains Tax
Capital gains in Guyana are taxed at 20% for both residents and non-residents. The tax applies to gains from the sale of property, shares, and other capital assets.
Rate
20%
VAT / Sales Tax
Guyana levies a 14% VAT on most goods and services. Basic food items, medicines, agricultural inputs, and exports are zero-rated. Education, health, and financial services are exempt.
Standard Rate
14%
Cryptocurrency Tax
Guyana does not have specific cryptocurrency legislation. The Bank of Guyana has warned about virtual currency risks. Crypto gains would be subject to general tax rules.
Tax Treaties
Guyana has a limited tax treaty network. As a CARICOM member, it benefits from the CARICOM multilateral double taxation agreement. The UK and Canada treaties are also in force.
Treaty Network
5
Double taxation agreements
Major treaty partners:
Key Details
Relocate to Guyana
See how much you could save by moving here from your current country.
+$19K
Tax in United States
$24K
24.4% effective
Tax in Guyana
$6K
5.6% effective
You Save
77%
less tax annually
US Citizens: Important Note
US citizens are taxed on worldwide income regardless of residence. You'll still need to file US taxes, though the Foreign Earned Income Exclusion and Foreign Tax Credit may reduce your liability.
