Government of the Republic of Trinidad and Tobago

Category: Media Release

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: IMF Confirms that Trinidad and Tobago is Undergoing a Sustained Economic Recovery

The Minister of Finance, Hon. Colm Imbert, MP, is encouraged and heartened by the Staff Concluding Statement of the recent IMF 2024 Article IV Mission to Trinidad and Tobago, which predicts a positive medium-term outlook for Trinidad and Tobago. The IMF’s 2024 Article IV visit to Trinidad and Tobago occurred between February 28, 2024, to…

CAF donates USD 250,000 to assist in alleviating oil spill in Trinidad and Tobago

CAF -Development Bank of Latin America and the Caribbean- approved a donation of USD 250,000 for Trinidad and Tobago, which will assist in alleviating the effects of the oil spill that has affected the coast of Tobago, damaged its beaches, reefs, and threatened the local tourism industry. In a letter addressed to Keith Rowley, Prime Minister of…

Media Release: Fake profiles of the Minister of Finance being used for Scams and Phishing Attacks

The Minister of Finance, Hon. Colm Imbert, MP, wishes to alert the public to a disturbing trend of fake Facebook profiles and fake social media accounts being set up with variations of his name and matching photographs for the purpose of fraudulent activity and scams. To date approximately eight (8) fake Facebook accounts have been…

Public Notice: Waiver of Penalties and Interest on National Insurance Contributions

Waiver of Penalties and Interests on National Insurance Contributions Payable Under the National Insurance Act, Chap. 32:01 for the Waiver Period December 20th 2023 to January 31st, 2024. The Public is advised that, pursuant to section 2 of the Finance Act, 2023, which took legal effect on December 20, 2023, there is applicable to all…

Media Release: Transit Sheds for Clearing Cargo are Private Facilities, Not Government

The Minister of Finance, Hon. Colm Imbert, has taken note of an article in the Daily Express with the patently erroneous headline “Gun Theft at Customs”, which goes on to erroneously state that security systems at a transit shed “at Customs” were found to be non-functional and illegal items have disappeared from sheds “at Customs”.…

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…