VAT – Ministry of Finance https://www.finance.gov.tt Government of the Republic of Trinidad & Tobago Fri, 17 Oct 2025 19:51:16 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 Media Release: Removal of Value Added Tax (“VAT”) on Food Items https://www.finance.gov.tt/2025/10/17/media-release-removal-of-value-added-tax-vat-on-food-items/ Fri, 17 Oct 2025 19:51:11 +0000 https://www.finance.gov.tt/?p=45458 Click to view the full Media Release
Zero-Rated Items further explained
Legal Notice No. 380 of 2025
]]> Media Release: Value Added Tax (VAT) Bonds Application forms are available Online https://www.finance.gov.tt/2023/05/11/media-release-value-added-tax-vat-bonds-application-forms-are-available-online/ Thu, 11 May 2023 17:27:53 +0000 https://www.finance.gov.tt/?p=42268 Read More+

]]> In keeping with the Ministry of Finance’s 2023 ‘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 with a three (3) year tenor at a fixed interest rate of 3.15% per annum. It should be noted that only applicants being owed refunds in excess of TT$250,000.00 would be eligible to receive VAT Bonds. Application forms can be accessed by VAT Registrants at the Inland Revenue Division’s (IRD) website at www.ird.gov.tt. These forms must be completed online, before downloading for signature and then scanned and e-mailed to VATBonds@ird.gov.tt.

Refunds of TT$250,000.00 or less will be paid in cash, during the months of May and June 2023.

Click to view the full Media Release
]]> PRESS RELEASE – CLARIFICATION OF BASIC FOOD ITEMS TO BE MADE VAT FREE https://www.finance.gov.tt/2021/10/06/press-release-clarification-of-basic-food-items-to-be-made-vat-free/ Wed, 06 Oct 2021 21:26:34 +0000 https://www.finance.gov.tt/?p=39605 Read More+

]]> The Minister of Finance, Hon. Colm Imbert, MP, has taken note of comments made in the public domain about the announcement in the 2022 Budget Statement that the Government intends to make several basic foods VAT-free, or zero rated for VAT and in particular, commentary about which food items are currently subject to VAT and which are not.

In the 2022 Budget Statement, presented on Monday October 4th 2021, several items were identified by the Minister of Finance, by way of example, which would now be free of VAT (as of November 1st 2021), including biscuits, cooking oil, canned vegetables, cornflakes, canned fish, canned meat, curry, juice, sausages, ham, ketchup, bottled water and pigtail.

Click to view
]]> Media Release -Trinidad and Tobago Chamber Misunderstands IMF Country Report https://www.finance.gov.tt/2017/12/01/media-release-trinidad-and-tobago-chamber-misunderstands-imf-country-report/ Fri, 01 Dec 2017 17:33:54 +0000 https://www.finance.gov.tt/?p=6897 Media Release -Trinidad and Tobago Chamber Misunderstands IMF Country Report

]]> PRESS RELEASE – Inaccurate Express Article about VAT Refunds https://www.finance.gov.tt/2017/04/19/press-release-inaccurate-express-article-about-vat-refunds/ Wed, 19 Apr 2017 22:01:40 +0000 http://www.finance.gov.tt/?p=6125 PRESS RELEASE – Inaccurate Express Article about VAT Refunds

]]> NOTICE: Dates on Which Inland Revenue Taxes Become Payable for 2016 https://www.finance.gov.tt/2016/03/23/dates-on-which-inland-revenue-taxes-become-payable-for-the-year-2016/ Wed, 23 Mar 2016 13:47:34 +0000 http://www.finance.gov.tt/?p=4490 TAX DATES 2016

]]> Listing of Suspension/Variation of Duty – January 2016 https://www.finance.gov.tt/2016/03/09/listing-of-suspension-variation-of-duty-in-effect-january-2016/ Wed, 09 Mar 2016 11:34:33 +0000 http://www.finance.gov.tt/?p=4432 LISTING OF SUSPENSION / VARIATION OF DUTY IN EFFECT JANUARY 2016

]]> Zero-rated items further explained https://www.finance.gov.tt/2016/02/05/zero-rated-items-further-explained/ Fri, 05 Feb 2016 18:39:00 +0000 http://www.finance.gov.tt/?p=4418 Zero-rated items further explained

]]> VALUE ADDED TAX ACT – CHAPTER 75:06, 2013 https://www.finance.gov.tt/2016/02/01/value-added-tax-act-chapter-7506-2013/ Mon, 01 Feb 2016 19:13:00 +0000 https://www.finance.gov.tt/?p=45447 Click to view

]]> Finance Act No. 1 of 2016 https://www.finance.gov.tt/2016/02/01/finance-act-no-1-of-2016/ Mon, 01 Feb 2016 15:50:00 +0000 http://www.finance.gov.tt/?p=4400 Finance Act No 1 of 2016 (2)

]]>