The relevant tax authority for Trinidad and Tobago is The Board of Inland
Revenue.
| SELECTED TAX RATES |
% |
| Personal Income Tax |
|
| Income over TT$50,000 |
25 |
|
|
| Corporation Tax |
|
| Basic Rate |
25 |
| Petrochemical/Petroleum Marketing Companies |
35 |
| Corporation Tax on Long-Term Insurance Business |
15 |
| Business Levy |
0.20% on gross sales and receipts |
| Green Fund Levy |
0.10% on gross sales and receipts |
| Insurance Premium Tax |
6 |
| Financial Services Tax |
15 |
| Hotel Accommodation Tax |
10 |
| Value Added Tax (VAT) |
15 |
|
|
| PETROLEUM COMPANY TAXES |
|
| Petroleum Profits Tax |
50 |
| Unemployment Levy |
5 |
|
|
| Supplemental Petroleum Tax |
|
| Land Operations |
0-21 |
| Marine Operations |
0-36 |
|
|
| Withholding Tax |
|
| Maximum on dividends |
15 |
| Maximum on other payments |
20 |
|
|
Trinidad and Tobago has ratified double taxation agreements with the following: Canada,
CARICOM, China, Denmark, France, Germany, India, Italy, Luxembourg, Norway, Sweden, Switzerland, United Kingdom, United States of America, Venezuela.
Source: Board Of Inland Revenue, www.ird.gov.tt |
|
