Media Release: Moody’s confirms Trinidad and Tobago’s credit rating in the midst of the Covid crisis
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.
MEDIA RELEASE – Signing of Agreement with the Co-operative Credit Union League of Trinidad and Tobago (CCULTT) and the Central Finance Facility (CFF).
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.
Media Release: Republic Bank and Angostura Shares Pledged to NIF, NIF Bondholders’ Investment is Secure
Holders of NIF Bonds are assured that their long-term investment is secure and that they will receive their interest payments on time and in the amounts agreed to.
Media Release: Misinformation about Salary Relief Grant (SRG) in Trinidad Express story 30-04-20
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.
Media Release: Value Added Tax (VAT) Bonds Application forms are available Online
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.
Closure of Offices at the Inland Revenue Division (IRD)
The Board of Inland Revenue (BIR) wishes to advise the public of its offices that will be closed on April 6th, 2020.
Salary Relief Grant
In light of the concerns surrounding possible temporary unemployment during the Covid19 pandemic, the Government wishes to assure the public that it is currently in the process of implementing a temporary Salary Relief Grant of up to $1,500 for a period of up to 3 months.
Update: Trinidad and Tobago’s Current Financial Situation
The Honourable Colm Imbert, Minister of Finance, on Tuesday 10th March 2020, held a media conference to provide an update on the nation’s current financial situation.
Inland Revenue Division Introduces New Service to File Returns Online
Effective February 1st 2020, the Inland Revenue Division (IRD), will be introducing a new service that allows VAT and PAYE taxpayers to file their tax returns, on its e-Tax platform, without having to register with ttconnect. Read More