The Guyana Revenue Authority (GRA) wishes to notify Importers, Brokers, suppliers and the General Public that a supply of Building Cement, as per tariff headings nos. 2523.29.10.00, 2523.29.90.00, and 2523.90.00.00, is now zero rated for Value-Added Tax (VAT) purposes.
This measure took effect from April 29, 2022 and is in accordance with the amendment to include paragraph 8 (g) to Schedule 1 of the Value Added Tax Act, Chapter 81:05.
Hence, VAT will no longer be applicable to this category of cement when it is imported or sold to final consumers. Additionally, the ASYCUDA World (AW) System has been updated to reflect the removal of VAT on cement.
In view of the above, VAT Registered suppliers should not charge VAT on the sale of building cement. Further, where VAT was already paid by suppliers, the existing refund mechanism currently used by suppliers to reclaim VAT should be used as outlined in Section 35 of the VAT Act, Chapter 81:05.
Source: gov.gy
