How much is the tax on outdoor power supply in Guyana

What is taxable supply in Guyana?

Taxable supply means a supply of goods or services in Guyana in the course or furtherance of a taxable activity, other than an exempt supply. The import of goods and the supply of goods and services are subject to a VAT rate of 14%. The supply of financial services is exempt from VAT. The rental of residential property is exempt from VAT.

Are contractors tax deductible in Guyana?

Contractors There is a contractors/sub-contractors withholding tax of 10% on any payments made by a resident of Guyana (or on behalf of this resident) to any non-resident company on account of any contract undertaken by or on behalf of that non-resident company.

Why are electricity prices so high in Guyana?

Electricity prices in Guyana are the third highest in the Caribbean due in large part to the country's reliance on expensive imported oil for electricity generation. At present the cost of fuel accounts for up to 60 percent of the total cost of electricity generation.

What is the Guyana Power and Light Inc (GPL) discontinuing?

The Guyana Power and Light Inc. (GPL) with approval from the Public Utilities Commission (PUC), will be discontinuing the Fuel Rebate in our Valued Customers’ bills. This Fuel Rebate of fifteen percent (15%) will be included in your Electricity Rate, so there will be no change to your monthly bills. View press release.

Which equipment is exempt from VAT in Guyana?

Cranes, safety equipment, and oil spill response equipment are exempt from VAT. The 2% withholding tax on payments made to Guyana resident contractors has Lowering the excise tax rate on gasoline and diesel from 20% to 0% in to boost the manufacturing sector.

What type of electricity is used in Guyana?

The electricity sector in Guyana is dominated by Guyana Power and Light (GPL), the state-owned vertically integrated utility. Although the country has a large potential for hydroelectric and bagasse -fueled power generation, most of its 226 MW of installed capacity correspond to thermoelectric diesel-engine driven generators.