ANNUAL REPORT & STATEMENT OF ACCOUNTS 88
APPENDIX 3 WITHHOLDING TAX RATES YA 1993-YA 2003 YA 2004 - On Distribution to Non –
Residents 15%
20% On Interest on Savings Accounts On Interest on Loans secured by Bonds and similar instruments On Discount on Treasury Bills
15%
20% On other Interest payments to Non – Residents
15%
20% On payments other than Interest to Non – Residents
10%
20%
APPENDIX 4 PREMIUM TAX RATES On Insurance premiums
other than long term Insurance, paid to nonresident Companies not carrying
on business in Guyana 10% On Insurance premium paid to nonresident companies carrying on business in Guyana
6%
ANNUAL REPORT & STATEMENT OF ACCOUNTS 89
APPENDIX 5 PERSONAL INCOME TAX DEDUCTIONS Year of Assessment Amount of Deduction 1992 $48,000 or 1/3 of
income whichever is greater 1993 $72,000 or 1/3 of income whichever is greater
1994 $120,000
1995 $120,000
1996 $144,000
1997 $180,000
1998 - 2003 $216,000
2004 - 2006 $240,000
2007 $300,000
2008 $336,000
2009 - 2011 $420,000
2012 $480,000
2013-2014 $600,000
