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FORM GRT-1 MONTHLY GROSS RECEIPTS, USE AND OCCUPANCY (Guam Department of Revenue & Taxation)

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DEPARTMENT OF REVENUE AND TAXATION Page 1 of 2
GOVERNMENT OF GUAM
FORM GRT-1 MONTHLY GROSS RECEIPTS, USE AND OCCUPANCY TAX RETURN
NAME OF LICENSEE
MONTH / YEAR ENDING
FOR OFFICIAL USE
EIN/SSN
GRT ACCOUNT NUMBER
ORIGINAL RETURN
MAILING ADDRESS
AMENDED RETURN
Explain any changes in the space
provided on page 2 of this form.
EMAIL ADDRESS
TELEPHONE NO.
BUSINESS ACTIVITY OR
KIND OF TAX
(A)
GROSS RECEIPTS
AMOUNT OR VALUE
(C)
TAXABLE AMOUNT
OR VALUE
(D)
TAX
RATES
(E)
TAX DUE
PART 1: GROSS RECEIPTS TAX * Note: For tax periods prior to April 1, 2018, use the applicable tax rate of 4% to compute tax due.
1. WHOLESALING
5 %*
2. RETAILING
5 %*
3. SERVICE
5 %*
4. RENTAL REAL PROP.
5 %*
5. RENTAL OTHERS
5 %*
6. PROFESSION
5 %*
7. COMMISSION
5 %*
8. INSURANCE PREMIUM
5 %*
9. CONTRACTING (LOCAL)
5 %*
10. CONTRACTING (US)
5 %*
11. INTEREST
5 %*
12. AMUSEMENT
5 %*
13. OTHERS
5 %*
14. TOTALS (Add lines 1-13)
14a. Enter the reduction amount, if any, from Worksheet A, line 6. See instructions. If you do not
qualify for LECSB, enter -0-.
14b. Subtract line 14a from line 14. This is your TOTAL GRT
PART 2: USE TAX
15. IMPORTATION
4%
16. LOCAL PURCHASES
4%
17. INVENTORY USED
4%
18. USE TAX TOTAL
PART 3: OCCUPANCY TAX
19. HOTEL/MOTEL/OTHER
11%
20. BED & BREAKFAST
4%
PART 4:
42. Add lines 14b, 18, 19 and 20 of Column E. This is your TOTAL TAX
42.
43. PENALTY
43.
44. INTEREST
44.
45. CREDIT OR ADJUSTMENT
45.
46. BALANCE TAX DUE
46.
Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief, they
are true, correct and complete. Declaration of preparer (other than taxpayer) is based on all information of which the preparer has any knowledge.
SIGNATURE (TAXPAYER OR AUTHORIZED AGENT)
PRINT NAME
DATE
DEPARTMENT OF REVENUE AND TAXATION
FORM GRT-1 (0720v9)
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DEPARTMENT OF REVENUE AND TAXATION Page 2 of 2
GOVERNMENT OF GUAM
FORM GRT-1 MONTHLY GROSS RECEIPTS, USE AND OCCUPANCY TAX RETURN
NAME OF LICENSEE
MONTH / YEAR ENDING
EIN/SSN
GRT ACCOUNT NUMBER
WORKSHEET A – Enhanced Limited Exemption for Certain Small Businesses (LECSB) — P.L. No. 35-90 (enacted 06/26/2020; expires 06/26/2022)
Instructions: Use this worksheet to compute the 2% LECSB reduction effective January 1, 2020.
A. Was your gross annual income (the aggregate gross receipts value of all activities) for the most recent (prior)
calendar year at least $50,000 and less than or equal to $500,000?
____NO. STOP, Do Not Proceed to Step B. You do not qualify for LECSB during this calendar year.
____YES. Continue.
B. Do you have taxable amounts on Part 1, lines 2C, 3C, 4C, 5C, 6C, 7C or 8C?
____NO. STOP. You do not qualify for LECSB for this month.
____YES. Continue.
1._______________
2. $250,000
4.________________
5.________________
6. ________________
7.________________
1. Combine the taxable amounts on Part 1, lines 2C, 3C, 4C, 5C, 6C, 7C and 8C
2. Maximum Annual LECSB Limitation subject to 3% GRT rate
3. Total LECSB Income received in prior months of the current calendar year 3._____________
4. Subtract line 3 from line 2 and enter here, but not below zero
5. Enter smaller of line 1 or 4. This is the current month’s LECSB Income subject to 3% rate
6. Multiply line 5 by 2%. This is the reduction amount. Enter here and on Part 1, line 14a.
7. Combine lines 3 and 5. You will need this amount to complete this worksheet for the
next month of your calendar year if the amount on line 7 is less than $250,000.
LECSB Year End Reporting Requirement
How many Employees were hired as a
result of LECSB?
FOR AMENDED RETURNS ONLY
EXPLANATION OF CHANGES: In the space provided below, please tell us why you are filing an amended return. Attach any
supporting documents.
DEPARTMENT OF REVENUE AND TAXATION
FORM GRT-1 (0720v9)
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FORM GRT-1 MONTHLY GROSS RECEIPTS, USE AND OCCUPANCY (Guam Department of Revenue & Taxation)

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Completed 22 June 2021

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