Guyana Lowers Business Costs with VAT Amendments

• Guyana Revenue Authority announced an amendment to the zero VAT rate for specified goods.
• The amendment aims to lower business operational costs.
• The amendment includes VAT exemption on the export of certain goods and services.
• The amendment includes zero-rated VAT for specified raw materials, packaging materials, medical supplies, utilities and construction supplies, agriculture and food items, household necessities, and educational materials.
• The announcement provides a revised list of exempt supplies.

Source: news.bloombergtax.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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