Is there a tax-free sum (statutory deduction) applicable in Guyana?
Yes, one-third of the person's income earned on an annual basis with a minimum of G$1,020,000 will be allowed as a deduction (or tax-free sum) to determine taxable income thereafter.
In 2024 this minimum changed to G$1,200,000 per year.
In 2025 this minimum changed to G$1,560,000 per year.