Guyana vs Ecuador
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.
๐ช๐จ Ecuador โ Municipal & Provincial Taxes
Ecuador's 24 provinces and 221 cantons (municipalities) levy the impuesto predial (property tax at 0.025%โ0.5%), impuesto de patente (business licence), and municipal assets tax. Guayaquil and Quito have the highest municipal commercial charges. The Internal Revenue Service (SRI) administers national taxes. Ecuador uses the US dollar as official currency since 2000, providing monetary stability. Tax reform has been ongoing under successive administrations facing fiscal pressures from oil price volatility.
Guyana vs Ecuador: Key Tax Differences (2026)
๐ฐ Income Tax: ๐ฌ๐พ Guyana has a higher top income tax rate (28โ40% vs 0โ37%). ๐ช๐จ Ecuador is more favourable for high earners.
๐ VAT/Sales Tax: Ecuador has a higher consumption tax (14% vs 15%).
๐ข Corporate Tax: ๐ช๐จ Ecuador offers a lower corporate rate (25% vs 40%), which can influence business location decisions.
๐ Capital Gains: ๐ช๐จ Ecuador taxes investment gains at a lower rate (10% vs 20%), benefiting investors.