VAT Removed on Small Cars, Hybrid and Electric Vehicles; ATVs, Outboard Engines

New tax regime for vehicles, outboard engines

Last Updated on Monday, 26 January 2026, 20:48 by Denis Chabrol Finance Minister Dr Ashni Singh Monday night announced the reduction or elimination of taxes and duties on several categories of vehicles and outboard engines.  They are: Flat tax on double-cab pick-up: GY$2 million on pickups less than 2,000 CC irrespective of age Flat tax ...

VAT removed on small cars, hybrid and electric vehicles; ATVs, outboard engines

Finance Minister Dr. Ashni Singh, in presenting Budget 2026 themed “Putting People First” to the National Assembly, announced measures aimed at reducing the cost of vehicle ownership and improving transport in hinterland regions. Double-Cab Pick-Ups Dr. Singh said double-cab pick-ups, vital for businesses and households alike, will now face a flat import tax: $2 million for vehicles under 2,000 cc and $3 million for those between 2,000 cc and 2,…

BUDGET 2026: Gov’t reducing cost of vehicle ownership

Finance Minister Dr Ashni Singh has highlighted plans to reduce the cost of vehicle ownership, noting that new measures to do so include removing Value-Added Tax (VAT) on vehicles below 1500 cc. The Finance Minister announced these measures during his presentation of the 2026 National Budget. He also said the government will remove VAT on hybrid motor vehicles below 2000 cc, building on the 2023 measure of removing VAT on new electric vehicles. …