- schedules I and II updated with effect from 1 March 2021
Zero-Rated Items
Raw materials and Packaging materials*
The range of persons benefitting from zero-rating has been expanded by the removal of limiting conditions such as taxable persons having to export 50% of production or production being exempt from VAT. This change also applies to equipment and spares to be used in the fishing industry.
Medical supplies*
Wheelchairs have now been added to the list of zero-rated medical supplies as well as animal medication.
Utilities*
Water and electricity for consumption, previously zero-rated, has now been limited to supplies from Guyana Water Incorporated, Kwakwani Utilities Incorporated and persons authorised under the Electricity Sector Reform Act.
Construction
The list of zero-rated items has been expanded to include, among others:
- Stone for construction and housing
- Boulders for sea defence from sources in the CARICOM Region
- Locally produced pre-stressed concrete piles, steel beams, roofing, PVC products.
Food items and Household necessities
Previously exempt food items are now zero-rated along with new items such as lard, shortening, oats, and locally produced jams, jellies and peanut butter.
Similarly, previously exempt consumer items are now zero-rated along with new items such as certain disinfectants, hand sanitizers, toothpaste and toothbrushes.
Education and Technology
Previously exempt education services and supplies are now zero-rated.
Previously exempt computer items are now zero-rated along with tablets, computer monitors, network supplies, printers and toner/ink. Internet data for residential and individual usage has also been zero-rated.
Government agencies
Goods when imported and works and services purchased by government agencies are now zero-rated.
Exempt Items*
The following items have been made exempt from VAT:
- Liquid butane gas
- Outboard engines not exceeding 75 hp
- Boats not exceeding 250 cubic feet
*Previously unannounced changes
Download the revised schedules showing all the changes made.