The Minister of Finance, Hon. Colm Imbert, MP, wishes to advise that the tax amnesty has been extended to May 19, 2023, to give businesses and individuals more time to prepare their financial statements and finalize the necessary documentation to submit their tax returns and pay the taxes due for the year of income 2021…
Today, the IMF has released the Concluding Statement of its two-week 2023 Article IV Mission to Trinidad and Tobago. It is a yearly health-check by international experts, of Trinidad and Tobago’s economy and finances. The Minister of Finance, the Honourable Colm Imbert, MP, extends his thanks to the IMF team, “for the thorough work and…
In the framework of the ‘Project for the Control of Transfer Pricing Operations in Trinidad and Tobago’, funded by the Development Bank of Latin America (CAF), a CIAT team visited the Ministry of Finance of Trinidad & Tobago and its Inland Revenue Division (IRD) during the period March 2-5, 2023; with the aim to formulate…
The Minister of Finance, Hon. Colm Imbert, MP, wishes to advise that the latest statistics for actual economic growth for 2022, published by the Central Statistical Office (CSO) on its website, as it continues to refine its data, are better than previously estimated. Instead of a decline of -0.1% in Real Gross Domestic Product (GDP)…
In accordance with the provisions of the amended National Insurance Act, Chap. 32:01, the Minister of Finance, Hon. Colm Imbert, MP, has extended the deadline for the payment of outstanding NIS contributions, without having to pay interest and/or penalties, from December 31st, 2022 to January 31st, 2023.
The Minister of Finance, Hon. Colm Imbert, MP, wishes to announce a waiver of all taxes (Customs Duty, Online Purchase Tax and Value Added Tax) on CCTV cameras and DVRs used in CCTV systems, as stand-alone items.This tax waiver will take effect from January 1st, 2023.
The Minister of Finance, Hon. Colm Imbert, wishes to advise that the Budget Division of the Ministry of Finance reported yesterday that as various ministries and departments continue to complete their accounting of the actual expenditure in Fiscal 2022, as opposed to the estimated expenditure published in the 2023 Budget Documents, it has turned out…
The Ministry of Finance is now in receipt of the final figures for the actual revenue collections in Fiscal 2022, up to the end of September 2022. At the time of the presentation of the 2023 Budget on September 26, 2022, the revenue figures for Fiscal 2022 were based on actual figures, from October 1,…
The Minister of Finance, Hon. Colm Imbert MP has taken note of an editorial in today’s Express Newspaper which refers to what it describes as the Government’s mounting legal costs. The two particular cases which involve the Minister of Finance are Rohini Ramkissoon and Jwala Rambarran versus the State, respectively. With respect to both these…
The Government of the Republic of Trinidad and Tobago aims to increase accessibility and improve the ease of honouring tax obligations for people and businesses, by supporting key legal, regulatory and change management initiatives for the digitalization of the online tax payment ecosystem in the country. With the help of CAF – Development Bank of…
