Finance Minister Dr Ashni Singh today announced that the income tax threshold will move to $130,000 per month from the current $100,000. The article Income tax threshold upped to $130,000 per month appeared first on Stabroek News.

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Guyana

Income tax threshold upped to $130,000 per month

The Government has proposed the increase of the income tax threshold to $130,000 in the 2025 National Budget. This means that employees’ income will only be taxed beyond that sum. Finance Minister, Dr Ashni Singh during his budget presentation today noted that this will result in an additional $8.5 billion in disposable income for workers and the removal of 22,000 persons from the tax net. The income tax threshold has steadily increased over the…

Guyana Times

Georgetown

Demerara-Mahaica

Budget 2025: Income Tax Threshold moves to $130,000; Personal Income Tax rate reduced by 3 %; tax on over-time pay reduced

In a move to further support families and students across Guyana, Finance Minister Dr. Ashni Singh announced a significant increase to the “Because We Care” (BWC) Student Grant, which will now stand at $50,000 per child, benefiting over 205,000 school children. This initiative is part of the government’s ongoing efforts to alleviate financial burdens on parents while ensuring access to quality education. The BWC Student Grant has seen incrementa…

News Room Guyana

Budget 2025: ‘Because we care’ student grant increased to $50,000 - News Room Guyana

Continuing with its ambitious upgrade and expansion programme of Guyana’s drainage and irrigation system a sum of $73.2 billion has been allocated in the 2025 budget to enhance and rehabilitate the country’s drainage infrastructure. This is according to Finance Minister, Dr. Ashni Singh, who during his Friday presentation of the country’s fiscal package pointed out […]

Guyana Chronicle

BUDGET 2025: $73.2B to continue upgrades, expansion of D&I infrastructure - Guyana Chronicle

The Government has proposed the increase of the income tax threshold to $130,000 in the 2025 National Budget. This means that employees’ income will only be taxed beyond that sum. Minister with responsibility for Finance, Dr. Ashni Singh during his budget presentation today (Friday, January 17, 2025) noted that this will result in over $8.5B […] The post Budget 2025: Income Tax Threshold moves to $130k; PAYE, tax on over-time reduced appeared fi…

INews Guyana

Budget 2025: Income Tax Threshold moves to $130k; PAYE, tax on over-time reduced - INews Guyana

The Ministry of Public Finance formalized the increase in pensions through the Government Agreement 8-2025, published in the “Central American Journal.” This change already applies to the January 2025 payment, marking a significant advance in the benefit for retirees. How much will the pensions increase? The increase is based on the reforms to the regulation of the Law on Civil Passive Classes of the State, particularly in articles 4 and 50 bis.…

El Ministerio de Finanzas Públicas oficializó el aumento a las pensiones a través del Acuerdo Gubernativo 8-2025, publicado en el “Diario de Centro América”. Este cambio ya aplica al pago de enero de 2025, marcando un avance significativo en el beneficio para los jubilados. ¿Cuánto aumentarán las pensiones? El incremento se basa en las reformas al reglamento de la Ley de Clases Pasivas Civiles del Estado, particularmente en los artículos 4 y 50 …

Aumento a jubilados entra en vigor en enero de 2025, con pensión mínima de Q3,384.59 |Noticias

CRN Noticias

Increase to retirees enters into force in January 2025, with minimum pension of Q3,384.59 News

Guyanese workers will pay less income tax, down to 25% from 28%, and no income tax on the first $50,000 of overtime or the first $50,000 from a second job, Finance Minister Dr Ashni Singh announced in Guyana's GY$6.6 billion 2025 National Budget. "The concept of working longer and working harder, and in particular, working…

Income tax threshold upped to $130,000 per month

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