Government of the Republic of Trinidad and Tobago

MEDIA RELEASE – GRACE PERIOD FOR IMPOSITION OF INCREASED TAXES AND IMPORT DUTY ON IMPORTED PRIVATE MOTOR CARS

The Minister of Finance, Hon. Colm Imbert, M.P., wishes to advise that at its meeting last week, Cabinet agreed that with respect to the announcement made in the 2021 Budget Statement regarding an increase of taxes and import duty on certain private motor cars, namely certain smaller engine CNG, electric and hybrid cars, the new taxes will be applicable from January 1st, 2021.