Income tax and NIS for individuals
How personal income tax works in Guyana in 2026, what is deducted from your pay, when to file, and what NIS contributions cover.
General information only, not tax advice. Your own tax depends on your income and deductions. Check with GRA or a qualified accountant.
Income tax in 2026
GRA's notice on the Income Tax (Amendment) Act No. 3 of 2026, effective 1 January 2026, sets these rules for employed and self-employed individuals [1]:
Personal allowance (free pay)
- G$140,000 a month (G$1,680,000 a year), or one third of income, whichever is greater.
Tax rates on chargeable income
- 25% on the first G$3,360,000 a year (G$280,000 a month).
- 35% on anything above that.
Other deductions for employees [1]
| Deduction | Limit |
|---|---|
| NIS contribution | 5.6% of gross pay, up to G$15,680 a month |
| Medical and life insurance premiums | Premiums paid, 10% of gross pay, or G$50,000 a month, whichever is less |
| Each child under 18 | G$10,000 a month |
| Second job | First G$50,000 a month |
| Overtime | First G$50,000 a month |
Example from GRA [1]: a monthly salary of G$150,000 with one job. Allowance G$140,000 plus NIS G$8,400 leaves chargeable income of G$1,600. Tax at 25% is G$400 for the month.
Filing a return
- GRA says a return is required where income is not less than G$1,680,000 a year [1].
- GRA's 2026 notice asks employees and the self-employed to submit insurance premium statements with their return by 30 April 2027 [1]. Employers must give each employee a 7B form (statement of earnings) [1].
- You can file and view your account online through GRA eServices [2]. You need a TIN first; see TIN and VAT.
NIS for individuals
- Employees pay 5.6% of wages, and employers add 8.4%, up to a ceiling of G$280,000 a month [3].
- Cover is compulsory for people aged 16 to 60 in insurable work. The self-employed pay 12.5% of declared income. People who leave work before 60 can continue as voluntary contributors at 9.3% [3].
- NIS benefits include old age, invalidity, survivors', funeral, sickness, maternity and industrial injury benefits. The claim forms are on the NIS downloads page [4].
- From 1 January 2025, the minimum old age and invalidity pension is G$43,075 a month, and the minimum survivor's pension is G$21,537 a month [5].
- Pensioners living abroad file an overseas life certificate (form P300F51) [4].
References
- GRA, "Revised Personal Allowance and Deductions for Income Tax 2026" (26 Feb 2026). https://gra.gov.gy/notice-to-employers-employees-self-employed-persons-revised-personal-allowance-and-deductions-for-income-tax-2026/ (checked 24 Oct 2026) Open source Checked 24 Oct 2026.
- GRA eServices. https://eservices.gra.gov.gy/ (checked 24 Oct 2026) Open source Checked 24 Oct 2026.
- NIS, "Information On N.I.S Contributions". https://www.nis.org.gy/information_on_contributions (checked 24 Oct 2026) Open source Checked 24 Oct 2026.
- NIS, "Downloads". https://www.nis.org.gy/downloads (checked 24 Oct 2026) Open source Checked 24 Oct 2026.
- NIS, "Adjustments to Rates 2025". https://www.contributions.nis.org.gy/node/608 (checked 24 Oct 2026) Open source Checked 24 Oct 2026.
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