Car Import Duties in Guyana

By Jack Kates

Calculation of Duties Applicable for Gasoline Motor Vehicles under four years old. These calculations assume that the CIF Value is Four Thousand Five Hundred USD (US$4,500).

Private Individuals

Example: Vehicles not exceeding 1500cc

Rates of Taxes Payable:

Duty- 45% of CIF, Excise Tax- 30% of Duty+ CIF, VAT -16% & Current Exchange Rate 206

Calculation:
Duty: 45% $927,000 = $417,150
Excise Tax : ((CIF)+ Duty) 30% $403,245
VAT: 16% $279,559

Total Taxes payable: $1,099,954

 

 

Custom duties 150%
VAT 16%
Excise taxes 10-110%

Less than 4 years cars and parts
Engine capacity	Flat rates 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%
Spare parts
Lights and wipers	25%	0%	16%
Other parts	30%	0%	16%
Engine	10%	0%	16%

*This page contents are based on information acquired in February 2013.

Customs Declaration For the Import Of Motor Vehicles

Here are the procedures governing the importation of motor vehicles into Guyana. The importation of commercial and/ or non – commercial goods requires the completion of a Form C 72. Form C 72, commonly called the ‘Customs declaration’ or ‘entry’, is the primary document that is required by the Guyana Revenue Authority (GRA) when goods are imported into Guyana. This form is also referred to as the Standard Administration Document (S.A.D).

 

* All motor vehicle ‘entries’ are entered into the Total Revenue Integrated Processing System (TRIPS) at the Entry Processing Unit   (EPU)

* If importing a reconditioned motor vehicle, the canceled registration from the company or individual from whom the vehicle was purchased is required. It should be noted that new vehicles do not require a cancellation of registration.

* The ‘entry’ is verified by the respective Assessing Officer at the EPU who checks to ascertain that the correct Customs Duty and other relevant taxes have been applied to the vehicle

* The ‘entry’ is then sent to the Risk Management & Revenue Protection Unit (RM&RPU) for further processing

* The ‘entry’ is then sent to the Commissioner – General for approval and further instructions. Once approved, the CG issues his instructions and the ‘entry’ is sent to the Supervisor – Entry Processing Unit (EPU) who then queries the ‘entry’ given the instructions by the CG. Once there are no queries it is sent to the Assessing Officer at lodgment counter so that the ‘entry’ can be uplifted by the importer, broker or agent

 * If there is a query the importer, consignee, broker or agent is contacted so as to make the necessary adjustments.

* When the importer, consignee, broker or agent uplifts the ‘entry’ from the Lodgement Counter, he/she must proceed to the GRA Cashier and pay all relevant duties and taxes

* After the payment is made, the importer, consignee, broker or agent then returns to the wharf to uplift his/her import.

It should be noted that, all motor vehicle entries are flagged for valuation and classification checks whether or not there are any discrepancies. After which there may be specific ‘entries’ that are selected for ‘document’ or ‘goods’ check. If ‘the entry’ is correct, this process takes approximately 2 – 3 days.