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Guyana Budget for 2023 Includes Increased Monthly Allowance for Individuals and Tax Support for EVs

|Approved Changes|Guyana
Guyana

Guyana's Ministry of Finance has published the Budget Speech 2023, which was delivered on 16 January 2023. Measures include:

  • Increasing the monthly taxable income threshold (allowance) for individuals from GYD 75,000 to GYD 85,000 per month (GYD 900,000 to GYD 1,020,000 per year);
  • Maintaining the zero excise tax on fuel as long as fuel prices remain elevated (first provided in March 2022);
  • Re…

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