Guyana: Commercial tax rate

* indicates monthly or quarterly data series
 Guyana

Tax rate, percent of commercial profits

 Latest value 30.60
 Year 2019
 Measure percent
 Data availability 2005 - 2019
 Average 35.19
 Min - Max 30.60 - 39.00
 Source The World Bank (doing business survey)
The latest value from 2019 is 30.6 percent, unchanged from 30.6 percent in 2018. In comparison, the world average is 40.53 percent, based on data from 184 countries. Historically, the average for Guyana from 2005 to 2019 is 35.19 percent. The minimum value, 30.6 percent, was reached in 2018 while the maximum of 39 percent was recorded in 2005. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Guyana - Commercial tax rate - Recent values chart

Historical series
Guyana - Commercial tax rate - historical chart - 2005-2019




Definition: Total tax rate measures the amount of taxes and mandatory contributions payable by businesses after accounting for allowable deductions and exemptions as a share of commercial profits. Taxes withheld (such as personal income tax) or collected and remitted to tax authorities (such as value added taxes, sales taxes or goods and service taxes) are excluded.

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 Related indicators Latest Reference Measure
 Government spending, percent of GDP 26.91 2005 percent
 Government spending, in dollars 0.22 2005 billion U.S. dollars
 Fiscal balance, percent of GDP -5.74 2023 percent
 Government debt 26.43 2023 percent
 Commercial tax rate 30.60 2019 percent
 Tax preparation time 256 2019 hours
 Number of taxes 35 2019 taxes
 Foreign aid 198.98 2022 million U.S. dollars
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