According to recent reports, Guyana's Ministry of Finance has delivered the Budget for 2019. The proposed tax measures of the budget include:
- A reduction in the corporate tax rate for non-commercial companies from 27.5% to 25%;
- An increase in the property tax threshold to GYD 40 million for both companies and individuals;
- An increase in the capital gains threshold on property disposals to GYD 500,000; and
- The introduction of VAT and customs duties exemptions on new equipment used for manufac…