The Guyana Revenue Authority (GRA) on Tuesday announced a range of additional tax relief measures that will assist Guyanese as the country grapples with the fight against the COVID-19 pandemic.
The tax relief, the entity stated, will support businesses and individuals who have been socially and economically disadvantaged by the threat of the virus.
Among the relief measures are:
- Removal of VAT on Water and Electricity with effect from April 01, 2020, to June 30, 2020.
- Removal of VAT on Domestic Air Travel with effect from April 08, 2020, to June 30, 2020.
- Extension of the April 30 deadline for the filing of tax returns to June 30, 2020. However, estimated remaining taxes using “management financial statements”, for the Year of Income 2019 (Year of Assessment 2020) must be paid by April 30th, 2020.
- Expediting the processing of VAT refunds for businesses and PAYE refunds for employees.
The Revenue Authority noted that despite having employees working from home, it continues to provide essential services to the taxpaying public, while at the same time, collect vital revenue necessary for the provision of services to the people of Guyana.
GRA is also fast-tracking the provision of its services electronically including the submission of documents and payments. It also continues to provide the essential services needed to clear all items, both by air and sea and also to expedite exports.