How much is Wage tax (PAYE) paid by the employee in Guyana?

  • Modified on: Fri, 10 Nov, 2023 at 11:49 AM

PAYE tax rates for 2023 are:

1) One-third of the person's income earned on an annual basis with a minimum of Nine Hundred Thousand Guyana Dollars (G$900,000) will be allowed as a deduction (or tax-free allowance) to determine taxable income thereafter;

2) 28% on the first G$2,040,000 per year in income above the tax-free amount and

3) 40% on all income above the 28% bracket.

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