Note: No payment is required for a diplomatic vehicle transferred to another diplomat. Sale of personal diplomatic vehicles or vehicles owned by a mission/High Commission. Customs law provides that the registration of a motor vehicle is transferred from one diplomat to another or to a person outside the mission before the three-year period expires. Pro-rata taxes must be paid before a transfer. “Regardless of your tax status, you can freely transfer a vehicle without having to worry about having to tax. At the end of the day, it`s a win-win bill,” he said. He explained that although the transferred vehicles were required to prove to the Authority that they had paid their taxes, many circumvented this measure. A new sales process will be completed three weeks after the submission. Declaration under oath of renewal and declaration of review of the Memorandum of Satisfaction of the Sale Processes will be completed in three business days.
According to Dharamlall, the government is moving away from the poor, the disadvantaged and the weak. He pointed out that the new $5,000 replacement amounts for motorcycles are up to $25,000, or 2% of the selling price, plus they are higher for other cars. The transfer of ownership of the motorcycles is subject to a $5,000 fee of $5,000. For cars, minibuses and other vehicles, a fee of $25,000 (US$25,000) is charged for a vehicle valued at zero dollars to one million dollars, two hundred and fifty thousand dollars ($1,250,000) or two per cent (2%) one percentage point. the sale price or the higher value of two hundred and fifty thousand ($1,250,000) for vehicles worth more than one million. The purchase invoice is a document that records a transaction between two parties (buyer and seller/lender and lender). It is used as a security document for the payment of personal assets (motor vehicles, household items, electronic items). If all documents have been verified by the Licensing Authority, a physical examination of the vehicle is performed on the motor vehicle to verify that the data complies with the Driver`s Licence Board records. In addition, the first timetable of the Act will be amended by increasing the cost of transporting motorcycles and other motor vehicles and by imposing a fee for the issuance of letters of authenticity and driver`s license for drivers residing abroad, but by temporarily visiting Guyana by the IRS.
“An valuation of $1,250,000 or less will attract a compliance fee of $25,000, all the higher will attract a higher replacement amount.