The Guyana Revenue Authority has issued a release on tax amendments following the 2021 National Budget. One of the main measures is an exemption from capital gains tax on assets owned for more than 25 years.
In particular, a new provision is added to Section 8 (Charge of capital gains tax) of the Capital Gains Tax Act Chapter 81:20 providing that capital gains tax shall not be payable on capital gains arising from the several sources listed in paragraphs (a) to (h) (inclusive) where the ch…