Taxes Frequently Asked Questions

Property Taxes FAQ

Income Tax FAQ
Corporate Tax FAQ

Contents

  • Who must pay property tax?

  • How are property taxes charged?

  • When are property taxes due?


Who must pay property tax?

Resident individuals, companies and non-residents with net property in Guyana who carry on business in Guyana are liable to property tax. Property includes tangible and intangible property, cash, receivables and other rights.

How are property taxes charged?

Property taxes are charged on the value of net property. In computing the net property liabilities are deductible. The rates of property tax are as follows:

Companies

  • On the first $10,000,000 of net property -      Nil

  • On every dollar of the next $15,000,000 -      ½%

  • On every dollar of the remainder          -      ¾%

Individuals

  • On the first $40,000,000 of net property - Nil

  • On every dollar of the remainder          - ¾%

When are property taxes due?

Filing of returns and payment of property taxes are due on or before April 30th, of the year following the year of income.

Updated to: June 30, 2014