Middle and lower income Guyanese are now paying higher average tax rates on income and National Insurance Scheme (NIS) contributions combined and government’s tax reform committee has proposed the introduction of progressive rates of taxation to reduce the burden.
For those paying the Pay As You Earn (PAYE) tax, the National Tax Reform Committee (TRC) proposed the 20% taxation rate for those earning between $750 001 and $1 million, 25% for those earning between $1 000 001 and $1.5 million, and 35% for those earning
