South America

On January 16, 2025, Brazil enacted Complementary Law No. 214, marking one of the most significant tax reforms in the country’s history. This law replaces Brazil’s highly complex consumption tax system with a dual VAT model, fundamentally changing how both domestic and foreign businesses are taxed.

For global businesses looking to expand operations or invest in emerging markets, understanding local tax frameworks is critical to ensuring compliance and optimizing financial strategies. One such framework worth exploring is Guyana’s Value-Added Tax Act (VAT Act), a cornerstone of the country’s taxation system. Enacted by the Parliament of Guyana and amended multiple times over the years (most recently in 2019), this legislation governs the imposition, administration, and collection of VAT across a variety of taxable supplies and imports. At TaxDo, we’re committed to helping you navigate complex tax regimes like this one or other countries—here’s everything you need to know about Guyana’s VAT Act and its implications for your business.