Calculation of Duties for Gasoline Motor Vehicles Under the Age of Four Years the CIF Value is assumed to be four thousand five hundred dollars (US$4,500) in these calculations.

The procedures for importing motor vehicles into Guyana are listed below. The completion of a Form C 72 is required for the importation of commercial and/or non-commercial products. When commodities are imported into Guyana, the Guyana Revenue Authority (GRA) requires Form C 72, often known as a “customs declaration” or “entry.” The Standard Administration Document is another name for this document (S.A.D).

Individuals in their own right

Vehicles with a displacement of less than 1500cc, for example.

Tax Rates to Be Paid:

Duty is 45 percent of CIF, Excise Tax is 30% of Duty+ CIF, VAT is 6%, and the current exchange rate is 206 percent.

Calculation:

45 percent duty $927,000 = $417,150

30 percent excise tax ((CIF)+ duty) $403,245

$279,559 (VAT included)

$1,099,954 in total taxes due

Duty on imports is 150 percent.

16 percent VAT

Excise rates range from 10% to 110%.

ENGINE CAPACITY	FLAT BRATES IN USD	EXCISE TAX	VAT
0 – 1000cc	4200	100%	16%
1000 – 1500cc	4300	100%	16%
1500 – 1800cc	6000	100%	16%
1800 – 2000cc	6500	100%	16%
2000 – 3000cc	13500	100%	16%
3000 and above	14500	100%	16%

Customs Declaration for Motor Vehicle Imports

• The procedures for importing motor vehicles into Guyana are listed below. The completion of a Form C 72 is required for the importation of commercial and/or non-commercial products. When commodities are imported into Guyana, the Guyana Revenue Authority (GRA) requires Form C 72, often known as a “customs declaration” or “entry.” The Standard Administration Document is another name for this document (S.A.D).

• If there is a problem, the importer, consignee, broker, or agent is notified so that the appropriate changes can be made.

• When the importer, consignee, broker, or agent picks up the ‘entry’ from the Lodgment Counter, he or she must go to the GRA Cashier and pay any applicable duties and taxes.
• Following payment, the importer, consignee, broker, or agent returns to the quay to pick up his or her shipment.

• A canceled registration from the company or individual from whom the used car  was purchased is necessary when importing a reconditioned motor vehicle. It’s worth noting that new automobiles don’t require registration cancellation.

• After that, the ‘entry’ is transmitted to the Commissioner – General for approval and additional instructions. The CG issues his instructions after approval, and the ‘entry’ is transmitted to the Supervisor – Entry Processing Unit (EPU), who then queries the ‘entry’ based on the CG’s instructions. Once there are no questions, it is submitted to the Assessing Officer at the Lodgment Counter, where the importer, broker, or agency can pick up the ‘entry’.

• The ‘entry’ is subsequently forwarded to the Risk Management and Revenue Protection Unit (RM&RPU) for processing.