- schedules I and II updated with effect from 1 March 2021
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.
Wheelchairs have now been added to the list of zero-rated medical supplies as well as animal medication.
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.
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.
Goods when imported and works and services purchased by government agencies are now zero-rated.
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
The revised schedules, showing all the changes made, can be downloaded below.