Guyana Tax Agency Clarifies Employer Obligations for Deducting, Remitting PAYE Contributions

The Guyanese Revenue Authority Sept. 23 clarified employer requirements for deducting and remitting pay as you earn (PAYE) contributions. The clarification includes that: 1) employers must deduct and remit PAYE contributions from payments to all employees, regardless of contract status or industry type; 2) only the Revenue Authority can determine whether an employee is under a contract for service or a contract of service, and penalties apply for employers making those determinations following this clarification; and 4) employers must disclose all payments to employees using prescribed forms, remit PAYE contributions by the 14th day of the following month, and file ...