Budget 2023: Income Tax Threshold raise to $85,000

The content originally appeared on: INews Guyana

Finance Minister Dr Ashni Singh has announced the increase of the Income Tax Threshold from $75,000 to now $85,000.

In his presentation of Budget 2023, Minister Singhe explained that this Measure will see some 12,000 taxpayers being removed from the tax net.

“Every single taxpayer will benefit…,” he declared.