Guyana

{"ftc_utility":"medium","fbar_trigger_notes":"US expats in Guyana who hold local bank accounts at Guyana-based banks (e.g. Republic Bank, Demerara Bank, Citizens Bank) must report aggregate balances exceeding $10,000 USD equivalent via FBAR. Local accounts are routinely needed for salary receipt and daily banking, making FBAR filing a practical requirement for most long-term residents.","ftc_utility_reason":"Guyana taxes residents on worldwide income at rates up to 40%, creating meaningful foreign tax credits available to offset US tax liability. FTC utility is medium because the lower income brackets (28%) may produce credits insufficient to fully offset US rates for mid-range earners, but the 40% top rate generates excess credits for higher earners. Expats should evaluate FEIE vs FTC annually.","presence_day_count_notes":"Guyana does not impose strict entry or stay limits on US citizens for short to medium-term stays. No visa requirement for US citizens for stays up to 30 days, extendable. Long-term residents typically hold work permits or residency. The 330-day physical presence test is practically achievable for those residing full-time in Guyana.","typical_qualifying_method":"either","housing_exclusion_available":true,"physical_presence_test_applies":true,"estimated_housing_exclusion_usd":7200,"local_tax_rate_on_earned_income":0.28,"bona_fide_residence_test_applies":true}

{"pension_income":{"notes":"Foreign pension income received by Guyana tax residents is included in chargeable income and taxed at progressive rates up to 40%. There is no specific exemption for foreign pension income under Guyanese domestic law.","tax_rate":0.4,"locally_taxed":true},"social_security":{"notes":"No US-Guyana totalization agreement or income tax treaty covers US Social Security benefits. US Social Security received by a Guyana tax resident is treated as foreign income and is assessable under normal progressive rates. No credit or exemption mechanism exists under domestic law.","locally_taxed":true,"treaty_protection":false},"roth_distributions":{"notes":"No US-Guyana tax treaty exists. Guyana does not recognize the Roth structure and would treat distributions as income. In practice, qualifying Roth distributions that are tax-free in the US may still be assessed in Guyana as foreign income, though enforcement on foreign-source Roth distributions is limited for most expats.","locally_taxed":true},"us_401k_ira_distributions":{"notes":"No US-Guyana income tax treaty exists. US-source 401k and IRA distributions received by Guyana tax residents are treated as foreign-source income and included in assessable income, subject to the standard progressive personal income tax rates up to 40%. No treaty relief is available.","tax_rate":0.4,"locally_taxed":true,"treaty_protection":false}}

{"rate":0.2,"notes":"Guyana imposes a Capital Gains Tax on gains from disposal of assets. The standard rate is 20% on net gains for individuals, though gains on certain immovable property may be taxed differently.","details":{"tax_type":"Capital Gains Tax","country_name":"Guyana","country_iso_code":"GUY","source_references":["PwC Worldwide Tax Summaries - Guyana","Guyana Revenue Authority","Capital Gains Tax Act (Guyana)"],"last_verified_date":"2026-06-03","general_description":"Capital gains are taxed under the Capital Gains Tax Act. The standard rate is 20% on net capital gains for individuals. Gains on real property disposals are subject to CGT at 20%. Certain exemptions apply, including gains on primary residences held for more than 25 years and gains on government securities.","corporate_capital_gains":{"rate":0.2,"tax_treatment":"Corporations are subject to 20% CGT on net capital gains. Gains may alternatively be included in taxable income and taxed at the applicable corporate income tax rate where that treatment applies."},"individual_capital_gains":{"rate":0.2,"tax_treatment":"Individuals pay 20% CGT on net capital gains from disposal of assets including real property, shares, and other capital assets. Primary residence held over 25 years may qualify for exemption."}}}

{"notes":"Dividends paid by Guyana-resident companies to resident individuals are subject to withholding tax. The standard withholding rate on dividends is 30% for non-residents. For resident shareholders, dividends from companies listed on the Guyana Stock Exchange benefit from a reduced 10% withholding rate; other resident dividend recipients are subject to 20% withholding.","rates":[{"rate":0.1,"type":"withholding","notes":"Reduced rate for dividends from companies listed on the Guyana Stock Exchange paid to residents"},{"rate":0.2,"type":"withholding","notes":"Standard rate on dividends paid to resident individuals from unlisted companies"},{"rate":0.3,"type":"withholding","notes":"Rate on dividends paid to non-resident individuals and companies"}]}