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Accounting & Finance

PAYE calculation and filing in Guyana

PAYE calculated correctly and filed by the 14th.

Reviewed by the Oma Solutions accounting team · Updated

PAYE Calculation & Filing at Oma Solutions, Accounting & Finance

About the service

Employers in Guyana deduct income tax from their employees’ pay under PAYE and pay it to GRA with a monthly return, Form 5, within 14 days of the end of each month. At the end of the year, the employer files the annual return, Form 2, and gives each employee a 7B statement of earnings. Oma Solutions calculates PAYE and prepares each of these.

The calculation has to apply each employee’s allowances correctly: the personal allowance, NIS, the overtime and second-job exemptions, child deductions, and insurance premiums. When the allowance rose in 2026, employers also had to refund tax over-deducted earlier in the year. We keep the calculation current.

Ideal for

  • Employers of any size
  • Businesses that calculate PAYE in spreadsheets
  • Employers who have missed Form 5 or Form 2 returns

How Oma Solutions helps you

We calculate PAYE for each employee using the current allowances and rates, prepare Form 5, and file it with GRA every month.

  1. 1. You send pay details

    You send the month’s pay details.

  2. 2. We calculate PAYE

    We calculate PAYE for each employee.

  3. 3. We prepare Form 5

    We prepare Form 5 and review it with you.

  4. 4. We file by the 14th

    You approve, we file, and you pay by the 14th.

What you get each month

  • PAYE calculated for each employee and pay period
  • Form 5 prepared and filed by the 14th
  • The annual Form 2 by 28 February
  • 7B earnings statements for each employee

The benefits to your business

  • The right tax for each employee
  • Form 5 and Form 2 filed with GRA
  • Know your PAYE before payday
  • Staff trust their payslips
  • No monthly filing for you

PAYE in 2026

  • Personal allowance of G$140,000 a month, or one third of income if greater.
  • Tax at 25% on chargeable income up to G$280,000 a month, and 35% above.
  • NIS paid by the employee is deducted before tax. The first G$50,000 a month of overtime, and of second-job income, is exempt.
  • A child deduction of G$10,000 a month for each child under 18, and insurance premiums up to the lower of 10% of gross pay or G$50,000 a month.

Sources: GRA notice on 2026 allowances, GRA: file your PAYE

What we need from you

  • Each employee’s TIN and pay details
  • Overtime, allowances, and benefits for the month
  • Child deduction claim forms and insurance statements
  • Second-job details, where employees have them

How pricing works

Recurring work such as bookkeeping, payroll, and monthly returns is quoted as a fixed monthly fee, based on the number of transactions, bank accounts, and employees. One-off work such as a catch-up, a year-end, or an annual tax return is quoted as a fixed fee once we have seen the records. The quotation lists what is included before any work starts.

Questions

When is PAYE due?

Form 5 and the tax deducted are due within 14 days of the end of each month. Form 2, the annual return, is due by 28 February.

What is a 7B?

The statement of earnings an employer gives each employee for the year. Employees use it to file their own income tax return.

What if we deducted too much tax?

The over-deduction is refunded through later pay runs and shown on the schedule that goes with Form 5, as GRA required for the 2026 allowance change.

Can you file PAYE if we run our own payroll?

Yes. We can check your PAYE calculation and prepare the returns from your figures.

Get started with PAYE filing today!

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