Guyana vs Zambia
Tax Rate Comparison
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๐ฐ Personal Income Tax Calculator
Enter your income to see your estimated annual tax liability in each country โ side by side.
๐ฌ๐พ Guyana โ Regional & Municipal Taxes
Guyana's 10 administrative regions and municipalities levy property rates, market fees, and trade licences. Guyana has experienced a dramatic economic transformation since major offshore oil discoveries (Stabroek Block) began production in 2019. GDP growth rates have been among the world's highest (60%+ in 2022). The Natural Resource Fund manages oil revenues for long-term savings. A long-running border dispute with Venezuela over Essequibo affects regional stability but has not stopped oil development.
๐ฟ๐ฒ Zambia โ Council & Local Authority Taxes
Zambia's 10 provinces and 117 district councils levy property rates, business levies, and market fees. The Zambia Revenue Authority (ZRA) administers all national taxes. Zambia is a major copper producer โ copper revenues and royalties are key fiscal inputs. The country completed an IMF-backed debt restructuring in 2023 after defaulting in 2020. Mineral royalty taxes are significant: copper 5.5% (open cast) to 8.5% (underground). The government has been diversifying the tax base away from mining dependence.
Guyana vs Zambia: Key Tax Differences (2026)
๐ฐ Income Tax: ๐ฌ๐พ Guyana has a higher top income tax rate (28โ40% vs 0โ37.5%). ๐ฟ๐ฒ Zambia is more favourable for high earners.
๐ VAT/Sales Tax: Zambia has a higher consumption tax (14% vs 16%).
๐ข Corporate Tax: ๐ฟ๐ฒ Zambia offers a lower corporate rate (30% vs 40%), which can influence business location decisions.
๐ Capital Gains: ๐ฟ๐ฒ Zambia taxes investment gains at a lower rate (15% vs 20%), benefiting investors.