February 20th, 2026 The Ministry of Finance (MOF), Inland Revenue Division (IRD), wishes to inform all Liquor Licence Holders of significant changes to the filing process for Amusement Gaming Tax Returns. Effective April 1st, 2026, the IRD will be transitioning to a fully digital filing system for Amusement Gaming Tax.
Downloadable forms for Landlord Registration with the Board of Inland Revenue (BIR) will be available from March 1, 2026. This was announced by the BIR this week, as it advised that preparations are well underway to facilitate landlords seeking to become compliant. The BIR is currently involved in administrative preparations to ensure readiness for implementation…
The Ministry of Finance (MOF), Inland Revenue Division (IRD), wishes to inform all Liquor Licence Holders of significant changes to the filing process for Amusement Gaming Tax Returns. Effective April 1st, 2026, the IRD will be transitioning to a fully digital filing system for Amusement Gaming Tax.Please note the following changes:
Downloadable forms for Landlord Registration with the Board of Inland Revenue (BIR) will be available from March 1, 2026. This was announced by the BIR this week, as it advised that preparations are well underway to facilitate landlords seeking to become compliant. The BIR is currently involved in administrative preparations to ensure readiness for implementation…
The Financial Intelligence Unit of Trinidad and Tobago (FIUTT) and the Inland Revenue Division (IRD) have formalised their commitment to enhanced collaboration in combatting money laundering, terrorism financing, proliferation financing, tax avoidance and other crimes through the signing of a 2026 Memorandum of Understanding (MOU). The objective of the MOU is for both departments to…
The Minister of Finance, Vishnu Dhanpaul, wishes to advise that the Tax and National Insurance Amnesty introduced by the Finance Act, 2024 (with effect from October 1, 2024 to December 31, 2024) will be extended to May 2, 2025. In this regard, the necessary Orders to have been published as Legal Notice Nos. are 110,…
The Minister of Finance, Hon. Colm Imbert, MP, wishes to advise that he has requested the Board of Inland Revenue to issue individual tax refunds to all eligible taxpayers that are owed these refunds in amounts up to $25,000.
The Minister of Finance, Hon. Colm Imbert, MP, wishes to advise that as of Monday, January 27, 2025, the Tax Amnesty had raised $2.38 billion in revenue.Compared to previous years, the current Tax Amnesty is now on par with the 2019 tax amnesty, which was the most successful tax amnesty granted in the history of…
In keeping with the Ministry of Finance’s 2025 ‘VAT Bonds’ initiative, the Board of Inland Revenue (BIR) has announced that persons registered for VAT (“VAT Registrants”) can now apply for the payment of outstanding VAT refunds, via VAT Bonds. The BIR further advises that the VAT Bonds would be issued on a first come, first…
The Minister of Finance notes concerns raised by the Daily Express in its editorial “Drowning in VAT bureaucracy” centred around the “tardiness in repaying VAT to companies” and wishes to address the issues raised.Cash flow constraints have resulted in a 1-month delay in completing this exercise, not bureaucracy.