Income tax threshold upped to $130,000 per month

Finance Minister Dr Ashni Singh today announced that the income tax threshold will move to $130,000 per month from the current $100,000.

Delivering his 2025 budget presentation in Parliament he also announced a one-off $100,000 cash grant to each child born to a Guyanese mother.

Old age pension will be moved to $41,000 per month.

The Because We Care cash grant is to move from $40,000 per child to $50,000 per child.

The personal income tax rate will also be cut from 28% to 25%, Singh said.