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18 chapters · 378 sections in this title.
16 GCA § 25101 Purpose
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The purpose of this Chapter is to establish a fair, transparent, and administratively efficient method for taxing the transfer of vehicle titles in Guam. This Chapter ensures taxation is based on the actual value of a vehicle as stated in a notarized Bill of Sale, rather than an …
16 GCA § 25102 Definitions
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For the purposes of this Chapter, the following terms shall mean: (a) “Bill of Sale” means a document that confirms the sale and purchase of a vehicle, including the agreed-upon sale price between the buyer and the seller. Other forms of verification may be accepted, subject to t…
16 GCA § 25103 Taxation on Transfer of Vehicle Title
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(a) The tax on the transfer of a vehicle title in Guam shall be based on the actual sale price as stated in the Bill of Sale. (b) The Department of Revenue and Taxation shall require a copy of the Bill of Sale to be submitted with the title transfer application.
16 GCA § 25104 Verification and Compliance
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The Department of Revenue and Taxation shall establish procedures to verify the accuracy of the Bill of Sale, including random audits and inspections.