Government of the Republic of Trinidad and Tobago

Tag: Valuation Division

Media Release: Ministry of Finance Statement on the Implementation of Property Tax

Madam Speaker, I am authorized by Cabinet to make the following statement regarding the implementation of Property Tax in Trinidad and Tobago. The Government has been making steady progress in the implementation of Property Tax. To this end, we are currently at the stage where Notices of Tax Assessments under the Property Tax Act, have…

MEDIA RELEASE: NOTICES OF VALUATION ARE NOT NOTICES OF PROPERTY TAX, PROPERTY TAX IS ONLY 3% OF THE ANNUAL RENTAL VALUE

The Minister of Finance, Hon. Colm Imbert, MP, has taken note of a misunderstanding regarding the meaning and effect of the Notices of Valuation which are being posted out to residential property owners.Although these Notices of Valuation do not refer to Property Tax and are not issued by the Board of Inland Revenue, it is…