Overseas income is tax-free for non-resident Guyana companies

Overseas income is tax-free for non-resident Guyana companies

Capital city:                Georgetown     
Currency:                    Guyanese dollar (GYD)     
Population:                773,303  
Language:                  English    
GDP                             USD$6.1 billion 
GDP per capita:        USD$7,888

Guyana, officially the Co-operative Republic of Guyana, is a sovereign state on the northern mainland of South America (bordered by Brazil and Venezuela).

The major tourist attraction in Guyana is Kaieteur Falls (which is located in Kaieteur National Park in the centre of Guyana’s rainforest). Kaieteur Falls is the world’s largest single drop waterfall by the volume of water flowing over it. At 226 metres, Kaieteur Falls is four times higher than Niagara Falls (on the border between Canada and the United States).

In 1978, Guyana became forever associated with Jim Jones and his American cult, Peoples Temple. James Warren Jones (May 13, 1931 – November 18, 1978) was an American religious and cult leader, who believed communism was the correct social order, in compliance with God’s will. In the settlement they created in the jungles of Guyana (called Jonestown), 918 members of the cult died when they drank Kool Aid laced with cyanide. This included over 300 children.

Non-resident Guyana companies are only taxed on income derived from Guyana. This means their overseas income is tax-free. 

Posted in ,

Similar posts you may like

  • Gambia

              Capital city:                Banjul Currency:                  Read more

  • Bermuda

    Capital city:               Hamilton      Currency:                   Bermudian dollarc Read more

  • Tax Planning Strategy 166 | Exempt Childcare Benefits

    Childcare expenses are not tax deductible to employees as they are considered private in nature. If provided by an employer they are subject to Read more

  • Campione d’Italia

    Campione d’Italia is a municipality of the Province of Como in the Lombardy region of Italy. This postage stamp exclave only totals 1.6 km2 Read more

"You’d be stupid not to try to cut your tax bill and those that don’t are stupid in business"

- Bono: U2