Guyana has published the amendment acts, orders, and regulations for the implementation of the budget measures for 2023. This includes:
- The Income Tax (Amendment) Act 2023, which increases the monthly taxable income threshold (allowance) for individuals from GYD 900,000 to GYD 1,020,000 per year (from GYD 75,000 to GYD 85,000 per month);
- The Value-Added Tax (Amendment of Schedule II) Order 2023, which provides VAT exemptions for:
- new all-electric motor vehicles (not hybrid) of any power ra…