Guyana corporate tax rate
Corporation tax on the chargeable profits of a company resident or carrying on business in Guyana, imposed by the Corporation Tax Act, Chapter 81:03 (Act 30 of 1970), section 10(1). Guyana does not have a single headline rate: section 10(1) sets three rates by class of company, and section 10A(1) applies a dual rate to companies carrying on both commercial and non-commercial activities. The rate served here is the 'any other company' rate — the ordinary rate for manufacturers, service companies, agriculture and every company that is not a commercial company or a telephone company.
| Current value | 25 percent (non-commercial company; 40% commercial company, 45% telephone company — see notes) |
|---|---|
| In force from | 2019-01-01 |
| Official source | Corporation Tax Act, Chapter 81:03, section 10(1) — '(a) forty-five percent of chargeable profits of a telephone company; (b) forty percent of the chargeable profits of a commercial company other than a telephone company; (c) twenty-five percent of the chargeable profits of any other company; (d) for small business engaged in manufacturing and construction services and registered with the Small Business Bureau, tax shall be charged at the rate of twenty-five percent' (as amended by Acts 28 of 1991, 13 of 1993, 2 of 2011, 5 of 2017 and 10 of 2019); consolidated and reprinted by the Guyana Revenue Authority, revised 1 April 2026 |
| Last verified | 2026-07-23 |
| Verification | primary — No verification limitation recorded — read from the official source cited. |
| Provenance | source fingerprint |
What this value means
THREE STATUTORY RATES, NOT ONE. 25 per cent for 'any other company' (non-commercial), 40 per cent for a commercial company, 45 per cent for a telephone company. WHICH ONE APPLIES TURNS ON A DEFINITION, NOT ON A SECTOR LABEL: s. 2 defines a 'commercial company' as a company at least SEVENTY-FIVE PER CENT of whose gross income is derived from trading in goods NOT MANUFACTURED BY IT, and expressly includes any commission agency, any telecommunications company, any body corporate licensed to carry on banking business in Guyana, and any company carrying on general (non-long-term) insurance business. So retailers, distributors, banks and general insurers pay 40 per cent; manufacturers, most service providers and long-term (life) insurers pay 25 per cent. DUAL RATE: s. 10A(1) — a company engaged in both commercial and non-commercial activities is taxed at 25 per cent on the non-commercial activity and 40 per cent on the commercial activity, not at a single blended rate. MINIMUM TURNOVER TAX: where a commercial company's corporation tax for a year of assessment is less than two per cent of its turnover in the preceding year of income, it pays two per cent of turnover instead (s. 10A minimum tax, from Act 3 of 1996); excess minimum tax is carried forward. This has no equivalent for non-commercial companies. RATE HISTORY: the GRA's own rate table in the consolidation reads 30 per cent non-commercial for 2012-2017, 27.5 per cent for 2018 and 25 per cent for '2019 - Present'; the commercial rate fell from 45 to 40 per cent for year of income 2018. Act No. 5 of 2017 (Fiscal Enactments (Amendment) Act 2017) made the 45-to-40 and 30-to-27.5 cuts; Act No. 10 of 2019 took non-commercial from 27.5 to 25 per cent. For year of assessment 1993 only, a uniform 35 per cent applied to all companies. PETROLEUM — THE OIL BOOM IS OUTSIDE THIS RATE. Guyana's offshore production operates under Petroleum Agreements (production sharing contracts), principally the 2016 Stabroek Block PSA, under which the contractor's Guyanese income tax and corporation tax liability is discharged by the Minister out of the Government's share of profit oil and a receipt is issued to the contractor — the contractor therefore remits no separate corporation tax cheque, and the headline 25/40/45 rates do not describe the fiscal take from oil. Petroleum contractors nonetheless compute chargeable profits under a bespoke regime (Income Tax Act ss. 33A-33H petroleum capital expenditure allowances, crude and natural gas valuation rules PR.05-PR.07) and file through the GRA's Petroleum Revenue Department. The Petroleum Activities Act 2023 changed the terms available for NEW agreements (10 per cent royalty, 65 per cent cost recovery ceiling, a 10 per cent corporate tax) but does not reopen the 2016 Stabroek PSA. Do not serve any petroleum figure from this series. RECENT CHANGE: section 3 of the Fiscal Enactments (Amendment) Act 2026 (Act No. 3 of 2026, Official Gazette Extraordinary, 17 February 2026) did NOT touch the rates — it added two new exemptions to s. 7 of the Corporation Tax Act, for 'the income arising from agriculture and agro-processing' and 'the income arising from child care services and elderly care services', with effect from the year of income commencing 1 January 2026 (s. 1(2)). Private corporate educational institutions and private corporate medical healthcare institutions have been exempt since 1 January 2020. ACCESS NOTE: the GRA republishes the whole consolidated Act at a new dated URL each revision (currently .../uploads/2026/04/Corporation-Tax-Revised-April-1.-2026.pdf); watch the landing page https://gra.gov.gy/corporation-tax-act-2020/ rather than the file URL. The GRA's HTML 'Rates & Calculations' page at gra.gov.gy/quick-links-2/rates-calculations/ carries the same three rates but no statutory citation and no dates.
Earlier values
| From | Value | Source |
|---|---|---|
| 2018-01-01 | 27.5 | Corporation Tax Act, Chapter 81:03, s. 10(1) as amended by t |
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