Guyana Budget for 2023 Includes Increased Monthly Allowance for Individuals and Tax Support for EVs

Guyana's Ministry of Finance has published the Budget Speech 2023, which was delivered on 16 January 2023. Measures include:
- Increasing the monthly taxable income threshold (allowance) for individuals from GYD 75,000 to GYD 85,000 per month (GYD 900,000 to GYD 1,020,000 per year);
- Maintaining the zero excise tax on fuel as long as fuel prices remain elevated (first provided in March 2022);
- Re…