All companies operating in Guyana are liable to taxation. Additionally, all companies may be liable to property and capital gains tax.
Personal income is subjected to a progressive tax system.
The PAYE system is the principal means of collecting this tax. Indirect taxes are levied on, among other articles, vehicles and transmitting stations. An important distinction is made between commercial and non-commercial companies. Included in this category are commission agencies, telecommunication companies, businesses licensed or authorised to carry on banking business, insurance businesses except those with long term insurance business defined in Section 2 of the Insurance Act . This tax is payable in advance in quarterly installments and becomes due on March 15, June 15, September 15 and December 15 of the tax year.