Media Release: Memorandum of Understanding (MOU) Signed between MOF & The Office of International Affairs, U.S. Border Protection
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Media Release: Ministry of Finance (MOF)- Extension of the Tax and National Insurance Amnesty to May 2, 2025
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,…
Media Release: Ministry of Finance (MOF) Trinidad and Tobago Assumes Chairmanship of CAF’s Board
Santiago, Chile – March 28, 2025: At its first board meeting of 2025, Trinidad and Tobago assumed the Chairmanship of the Board of Directors of CAF – Development Bank of Latin America and the Caribbean.The Minister of Finance, Hon. Vishnu Dhanpaul will serve a one-year term, during which he will preside over all meetings of…
Media Release: The Leader of the Opposition is Clutching at Straws and Making Up Stories About “Missing Money”
The Minister of Finance, Hon. Colm Imbert, MP, has taken note of the latest diatribe from the Leader of the Opposition regarding the impasse which occurred in 2024 between public officers at the Ministry of Finance and the Auditor General over the 2023 public accounts. The Leader of the Opposition, Hon Kamla Persad-Bissessar, S.C. MP,…
Speech by the Honourable Colm Imbert, Minister of Finance at the Trinidad and Tobago Chamber of Industry and Commerce on Tuesday 11th February, 2025: Propelling SMEs for Success in 2025
As we are all aware, Small and Medium Enterprises (SMEs) are critical to the development of Trinidad and Tobago. At present, there are approximately 20,000–25,000 SMEs, representing roughly 95% of the registered businesses in the country, and they employ nearly 200,000 persons in the workforce. They also contribute significantly to employment and innovation in Trinidad…
Media Release: 87,376 Individuals Tax Refunds to be Issued
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.
Media Release – Trinidad and Tobago removed by the OECD from the list of countries with harmful Tax Practices
The Minister of Finance, Hon. Colm Imbert, MP, wishes to advise that in January 2025, Trinidad and Tobago was deemed by the OECD Forum on Harmful Tax Practices to be free from harmful tax practices, and removed from the list of countries with such practices in February 2025. The OECD Forum on Harmful Tax Practices…
Media Release – Tax and NIS Amnesties extended to March 31, 2025
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…
Media Release: Government improves its wage increase offer to UWI
The Minister of Finance, Hon. Colm Imbert, MP, wishes to advise that the Government has given the UWI Administration, which is the Employer of the Academic Staff at UWI, and has the responsibility to negotiate collective agreements with the West Indies Group of University Teachers (WIGUT), an improved offer for a wage increase for the…
Media Release – Value Added Tax (VAT) Bonds Application Forms are available Online
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…