The Government of Trinidad and Tobago is proud to highlight the significant milestones and benefits derived from its enduring partnership with CAF – Development Bank of Latin America and the Caribbean.
This relationship, rooted in visionary leadership and a commitment to sustainable development, has reached new heights, positioning Trinidad and Tobago as a central pillar of CAF’s regional strategy.” These sentiments were echoed by the outgoing Chairman of the Board of Directors of CAF – Development Bank of Latin America and the Caribbean, The Honourable Davendranath Tancoo, Minister of Finance in delivering the feature address at the Bank’s CLXXXVIII Board of Directors Meeting which took place on March 3^rd 2026 in Lima, Peru.

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Effective April 1st, 2026, the IRD will be transitioning to a fully digital filing system for Amusement Gaming Tax.
Please note the following changes:

• All Amusement Gaming Tax Returns will now be accessed and processed exclusively via the IRD’s e-Tax Logged In Service.  
• Discontinuation of Paper Returns: Paper-based returns will no longer be accepted for processing of the Amusement Gaming Tax Returns from the 2026 period. License Holders are reminded that all outstanding Amusement Gaming Tax Returns for periods prior to this transition must be submitted using the existing manual process.
• Electronic Documentation: License Holders will be required to upload all necessary information and documents electronically, including the specific number of machines on their premises.

Excerpt: “This important milestone reflects several years of sustained commitment, constructive dialogue, and close cooperation between the Ministry of Finance of Trinidad and Tobago and European Union authorities, aimed at aligning with internationally agreed standards for tax good governance.

Hailing the decision, EU Ambassador to Trinidad and Tobago, H.E. Cécile Tassin stated: “The progress made by Trinidad and Tobago on the path towards meeting the internationally agreed standards on tax good governance is impressive. These efforts should be commended. They are a positive sign for the continued strengthening of our partnership.”

Following this announcement, Minister Tancoo stated: “We warmly welcome and celebrate the significant progress that Trinidad and Tobago has achieved in its engagement with the European Union on matters of international tax good governance. This milestone reflects my Government’s sustained commitment to transparency, fairness and adherence to internationally accepted standards. This achievement underscores our dedication to implementing robust global tax standards and strengthens confidence in our economic and regulatory frameworks. We express our appreciation to our partners in the European Union for recognizing the reforms we have undertaken, and we look forward to deepening our collaboration as we continue building a modern, competitive, and globally integrated economy.”

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With all indicators pointing to a bumper Carnival season, Minister of Finance, the Honourable Davendranath Tancoo, says “this is the strongest signal yet that the economy is on the upswing”.

Hot on the heels of a favourable country review by the International Monetary Fund (IMF), Minister Tancoo expressed buoyant optimism about the state of the economy and its current trajectory, citing as evidence the vibrancy of this year’s Carnival festivities. “Activities such as fetes, some of which are massive events, are doing very well,” he said. “Mas bands have attracted large numbers and j’ouvert bands and hotel rooms are sold out. We expect flights into Trinidad and Tobago to be packed to capacity as visitors from all around the world descend on our shores for these celebrations.”