Government of the Republic of Trinidad and Tobago

Author: Ministry of Finance

Media Release : The IMF Praises Trinidad and Tobago’s Policy Response to Covid-19 and Encourages T&T to Shift its Policy Attention Only When Recovery is in Place

The IMF noted that Trinidad and Tobago faced “unprecedented challenges in 2020-21. The combined effects of COVID-19, energy production cuts, and price shocks pushed the economy further into recession”. In the face of such challenges, the IMF concluded that “The authorities’ decisive policy response helped contain COVID-19’s spread, protectlives and livelihoods, and paved the way…

Media Release: Moody’s Decision on Trinidad and Tobago’s Ratings Clashes with IMF recommendation on Debt Management under COVID

Today (November 19th), Moody’s announces that they brought the rating down by one notch, with a stable outlook.  The Honourable Colm Imbert, MP. Minister of Finance, has noted that “This decision by Moody’s collides with the policy advice we have received from all international organisations to protect our country and support the recovery in the…

MEDIA RELEASE: SUPPLEMENTARY LIST OF VAT-FREE (ZERO-RATED) ITEMS EFFECTIVE NOV 1ST, 2021

The Minister of Finance, Honourable Colm Imbert, MP, wishes to advise that the supplementary list of Basic Food Items that will be VAT-Free (Zero-Rated) from Monday, November 1st, 2021, has been published as The Value Added Tax (Amendment to Schedule 2)(No. 2) Order, 2021; Legal Notice No. 259, dated October 29th, 2021 (attached). The Order…

Media Release: Final Extension of the Tax Amnesty to October 15th, 2021

The Minister of Finance, Honourable Colm Imbert, MP, wishes to advise that to give taxpayers a final opportunity to get their financial records in order and to file their tax returns, the 2021 Tax Amnesty has been extended to Friday, October 15th, 2021. It should be noted that there will be no further extension of…

Media Release: Trinidad and Tobago Continues to Top CARICRIS Sovereign Ratings

The Caribbean credit rating agency CariCRIS has announced its 2021 rating of Trinidad and Tobago at CariAA, the second highest rating on its scale. At CariAA, Trinidad and Tobago remains at the top of CariCRIS’ published sovereign ratings in the Region. In fact, CariCRIS agrees that the ‘level of creditworthiness of the GORTT, adjudged in…

Media Release: Misleading Guardian Article on Trinidad and Tobago’s Credit Rating – Trinidad and Tobago’s Credit Rating has NOT been Downgraded

The Minister of Finance, Hon. Colm Imbert, MP, has taken note of an extremely inaccurate and misleading article in today’s (July 28, 2021) edition of Trinidad and Tobago Guardian entitled “S&P Market Intelligence Downgrades T&T”. Apart from the misleading headline, the article in the body of its text falsely claimed that Trinidad and Tobago is…