To fulfill provisions of the Public Health Regulations and to mitigate the risks associated with the Global COVID 19 Pandemic, the Board of Inland Revenue (BIR) wishes to advise and encourage the public to take advantage of the following key services being offered electronically by the Inland Revenue Division (IRD).
Today, May 22nd 2020, Moody’s has confirmed Trinidad and Tobago’s rating at Ba1, one of the highest in the Caribbean region. In a series of rating decisions that have seen a number of oil and gas exporting countries downgraded all over the world, Moody’s has simply changed the outlook to negative.
On Friday May 8th, 2020 the Honourable Colm Imbert, Minister of Finance, on behalf of the Government of the Republic of Trinidad and Tobago (GORTT), signed an agreement with the Co-operative Credit Union League of Trinidad and Tobago (CCULTT) and the Central Finance Facility (CFF), for a $100M Government Guaranteed Loan Facility.
The Ministry of Finance notes consistent inaccuracies in a story entitled “Bureaucracy to Blame for Grant Delay” in the Trinidad Express’ publication of April 30th, 2020 that references the Salary Relief Grant.
Persons registered for VAT, (VAT Registrants) can now apply for the payment of outstanding VAT refunds, via VAT Bonds. The BIR advises such persons that application forms can be accessed at the Inland Revenue Division’s (IRD) website at www.ird.gov.tt.
The Ministry would like to assure the public that the Inland Revenue Division is working closely with TTPost to ensure that cheques for VAT refunds and income tax refunds will be delivered as previously announced.