Page 116 - TTEG 19th Edition Directory 2021
P. 116
92
guide to business in trinidad & tobago
TAXATION IN TRINIDAD & TOBAGO
SELECTED TAX RATES Personal Income Tax
Chargeable income 25%
Corporation Tax
Basic rate 25% Petrochemical / Petroleum Marketing Companies 35% Corporation Tax on Long-Term Insurance Business 15%
Business Levy
Green Fund Levy Insurance Premium Tax Financial Services Tax Hotel Accommodation Tax Value Added Tax (VAT)
PETROLEUM COMPANY TAXES
Petroleum Profits Tax Unemployment Levy Supplemental Petroleum Tax
Land Operations Marine Operations
Withholding Tax
Maximum on dividends
0.60% on gross sales and receipts over TT$ 360,000 0.30% on gross sales and receipts
0 - 21% 0 - 36%
15%
Maximum on other payments 20%
Trinidad & Tobago has ratified double taxation agreements with the following:
Brazil, Canada, Caricom, China, Denmark, France, Germany, India, Italy, Luxembourg, Norway, Spain, Sweden, Switzerland, United Kingdom, United States of America, Venezuela.
SOURCE: BOARD OF INLAND REVENUE (www.ird.gov.tt)
6% 15% 10%
12.5%
50% 5%
TRINIDAD & TOBAGO ENERGY GUIDE
