Is there a tax-free sum (statutory deduction) applicable in Guyana?

  • Modified on: Mon, 12 Feb, 2024 at 3:42 PM

Yes, one-third of the person's income earned on an annual basis with a minimum of G$1,020,000 will be allowed as a deduction (or tax-free sum) to determine taxable income thereafter.

In 2024 this minimum changed to G$1,200,000 per year.

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