Guyana VAT Consumer & Business Calculator
Compute statutory 14% Value-Added Tax (VAT) for retail sales, invoicing, import clearance, and business input/output credit reconciliations in Guyana Dollars (G$).
Transaction & Invoicing Details
VAT Settlement Matrix GRA Form VAT-01 Schedule
| Line Item | Tax Rate | Net Value | VAT Component |
|---|---|---|---|
| Sales / Invoiced Output | 14.0% | G$100,000 | G$14,000 |
| Input Purchases Claimable | 14.0% | G$30,000 | -G$4,200 |
| Net Tax Due to GRA | Output - Input | — | G$9,800 |
| Gross Invoice Total | Amount charged to buyer | G$114,000 | |
GRA VAT Filing Rule: VAT returns must be submitted to the Guyana Revenue Authority along with payment by the 21st day of the following calendar month.
Statutory VAT Schedule Summary:
- Zero-Rated (Schedule I): Exported products, basic foods, medicines, and educational supplies. Input tax is fully reclaimable.
- Exempt (Schedule II): Financial/banking services, residential rents. Input tax cannot be claimed.
- Registration Obligation: Mandatory for businesses with annual turnover of G$15M or more.
Frequently Asked Questions
Authoritative statutory guidance and compliance details
1. What is the standard VAT rate in Guyana?
The standard Value-Added Tax (VAT) rate in Guyana is 14%, administered by the Guyana Revenue Authority (GRA) under the Value-Added Tax Act 2005.
2. What goods and services are zero-rated for VAT in Guyana?
Zero-rated items (taxed at 0%) include basic foodstuffs (unprocessed rice, flour, milk, sugar, cooking oil, locally produced chicken/eggs), pharmaceuticals, medical services, educational services, books, and exported goods.
3. What is the mandatory VAT registration turnover threshold in Guyana?
Businesses making taxable supplies with annual gross sales exceeding G$15,000,000 are legally required to register for VAT with the GRA and file monthly VAT returns.
4. How do you extract 14% VAT from a gross price?
To extract VAT from a VAT-inclusive price, divide the total price by 1.14 to find the net price, then subtract the net price from the total price (equivalent to multiplying the gross price by 14/114).
5. Can businesses reclaim input VAT paid on purchases?
Registered taxable businesses can deduct allowable input VAT paid on business-related purchases and imports from the output VAT collected on their sales, remitting the net difference to the GRA.
Engr. Muhammad Shahzad
Verified Financial Systems AuditorFounder of appsforpc.net and expert in statutory payroll systems, cross-border tax compliance, and automated legal computations. All calculator logic is strictly benchmarked against official statutes and regulatory publications.
📊 Guyana Revenue Authority (GRA) & NIS Statutory Matrix
| Statutory Component / Legal Deduction Item | Calculated Amount (GYD) |
|---|---|
| Primary Net / Statutory Payable Amount | GY$ 0.00 |
Engr. Muhammad Shahzad
Principal Financial Systems Architect & South American CARICOM & Guyana Revenue Authority Lead
Lead software and systems architect specializing in high-performance browser computing, algorithmic validation, financial models, and zero-telemetry client-side privacy architecture.