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Commissioner General
Mission Statement
Our mission is to promote compliance with Guyana’s Tax, Trade and Border Laws and Regulations through education, quality service and responsible enforcement, thereby contributing to the economic and social well being of the people of Guyana. |
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Nadia De Abreu
Public Communications Specialist
Tel: (592) 227-3680 ext 222 |
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New Limit for Simplified Customs Declaration: December 5, 2007
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Commissioner-General of the Guyana Revenue Authority Mr. Khurshid Sattaur today announced that the limit for the use of the Simplified Customs Declaration (SCD) or C73 has been revised.
“We have taken into account persons importing items such as refrigerators and other electrical items as part of their consignment which will immediately increase the value of the consignment hence we believe that US$500 is a reasonable limit,” Mr. Sattaur said.
The amendment takes effect, Monday December 10, 2007. However, he emphasized that the flat rate of 30% duty and zero-percent VAT will only apply to consignments for non-commercial purposes and contained in passenger’s baggage or imported in gift parcels sent by air or sea or by parcel post where the Cost Insurance and Freight (CIF) value does not exceed the Guyana dollar equivalent of US$200.
“Where the CIF value exceeds US$200 but is less than US$500, the Simplified Customs Declaration form will be used, however, the applicable rate of duty and 16 % VAT will be applied unless the items are zero-rated or exempted,” Mr. Sattaur clarified.
The C72 form shall continue to be used for imports of personal and household effects or non-commercial items where the CIF value exceeds the Guyana dollar equivalent of US$500 but does not exceed the Guyana dollar equivalent of US$1,000 US. Full duties and taxes will be payable in these cases unless zero-rated or exempted by virtue of the relevant schedules to the Customs and VAT Acts.
These declarations shall be processed and paid at the wharves or transit sheds where necessary.
The Guyana Revenue Authority on December 3 implemented the SCD, which for the time being, does not require a Taxpayer Identification Number (TIN), in an attempt to alleviate the hassle associated with the clearance of barrels at the Customs and Trade Administration.
The procedure includes four steps as compared to 13 steps under the previous system.
The form is very simple and does not require the services of a broker. The forms can be uplifted at no cost from the Customs Offices at the wharves and shipping agents or it can be downloaded from the GRA’s website www.revenuegy.org
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