The present invention provides a method for transmitting and receiving a sounding reference signal (SRS) in a wireless communication system and a device therefor. Specifically, a method for transmitting, by a terminal, an SRS in a wireless communication system may comprise the steps of: receiving configuration information for transmission of the SRS from a base station; and transmitting the SRS to the base station by using one or more SRS resources for transmission of the SRS, the configuration information including the one or more SRS resources and information relating to the usage of the one or more SRS resources, wherein a guard period relating to the one or more SRS resources is configured, and when the transmissions of the guard period and a particular uplink channel configured for the terminal overlap each other, the priority between the guard period and the particular uplink channel is configured to be the same as that between the SRS and the particular uplink channel.