Financial Intelligence Unit of Trinidad and Tobago (FIUTT) 2024 Annual Report
The FIUTT supervises and monitors over 5,000 entities, spanning 15 diverse sectors, to ensure adherence to AML/CFT/CPF regulations.
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 – 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…
Media Release – Ministers Imbert and Beckles-Robinson Host Courtesy Visit with IDB Representatives
The Honourable Colm Imbert Minister of Finance along with the Honourable Pennelope Beckles-Robinson, Minister of Planning and Development met with a visiting mission from the Inter-American Development Bank (IDB) on Tuesday 21st January, 2025 at the Eric Williams Finance Building (EWFB), Port of Spain. The IDB Team was led by Mr. Jordan Schwartz – Executive…
Media Release – Cash Flow, not Bureaucracy, at the Core of VAT Refunds delay
The Minister of Finance notes concerns raised by the Daily Express in its editorial “Drowning in VAT bureaucracy” centred around the “tardiness in repaying VAT to companies” and wishes to address the issues raised.Cash flow constraints have resulted in a 1-month delay in completing this exercise, not bureaucracy.
Media Release – Exemption of Customs Duty, VAT, and Online Purchase Tax on Sporting Equipment, Electric Vehicle Chargers and Parts
The Minister of Finance, Honourable Colm Imbert, MP, wishes to advise that in keeping with the Budget Statement for the Financial Year 2025, there is a waiver of all Customs Duty, Valued Added Tax, and Online Purchase Tax on the following, effective January 1, 2025 (see Legal Notice Nos. 249, 250 and 251 of 2024…
Speech – Minister Imbert’s Presentation at the 17th Global Forum Plenary Meeting in Asunción, Paraguay
The Honourable Colm Imbert, Minister of Finance, brought remarks (via video presentation) at the 17th Global Forum Plenary Meeting in Asunción, Paraguay, in November of 2024. The Plenary meeting brought together high-level representatives from jurisdictions, international organizations, civil society, and academia. This diverse participation enriched the discussions and presented various perspectives on existing and emerging…
Public Notice: Tax Amnesty 2024
The Inland Revenue Division (IRD), Ministry of Finance, invites all relevant members of the public to take advantage of the Tax Amnesty for the duration of October 1st, 2024 to December 31st, 2024. The Amnesty provides for a waiver on the penalties and interest listed. The Tax Amnesty covers all prior tax periods up to…
Public Notice: Change in Business Hours, Treasury Division – Ministry of Finance
The Treasury Division wishes to inform members of the public that counter services for the sections listed below will be closed at 12:00 noon on Tuesday December 24th, 2024 and Tuesday 31st December, 2024.