The Guyanese Ministry of Finance announced the 2026 budget speech on Jan. 26, outlining several VAT and tax changes. Key measures include removing VAT on locally made furniture, jewelry, security equipment, and specific vehicles, maintaining a zero excise tax on petroleum, extending the end date for adjusted freight charges to Dec. 31, and increasing the monthly old‑age pension to 46,000 GYD effective Jan. 1.
The monthly old‑age pension increase to 46,000 GYD takes effect on Jan. 1, 2026.
VAT will be removed on locally made furniture, jewelry, security equipment, and specific vehicles.
The end date for adjusted freight charges is extended to Dec. 31, 2026.
An annual transportation support grant of 20,000 GYD (US$95) will be introduced for OAP pensioners.
The excise tax rate on petroleum products remains at zero percent.
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LinkedIn Article by Ryan · about 4 hours ago
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Fiscal Solutions · 4 days ago
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