Government of the Republic of Trinidad and Tobago

Tag: Media Release

Media Release – Inaccurate Statements attributed to Mark Edgehill before Joint Select Committee of Social Services and Public Administration, on SRGs, as reported in Newsday, December 9th, 2021

The Minister of Finance, the Honorable Colm Imbert, MP, wishes to address statements reported in Thursday’s edition of the Newsday that were reportedly made by Mark Edgehill, President of the Coalition of Service Industries, before the Joint Select Committee (JSC) on Social Services and Public Administration on Wednesday 8th December, 2021.

Media Release : The IMF Praises Trinidad and Tobago’s Policy Response to Covid-19 and Encourages T&T to Shift its Policy Attention Only When Recovery is in Place

The IMF noted that Trinidad and Tobago faced “unprecedented challenges in 2020-21. The combined effects of COVID-19, energy production cuts, and price shocks pushed the economy further into recession”. In the face of such challenges, the IMF concluded that “The authorities’ decisive policy response helped contain COVID-19’s spread, protectlives and livelihoods, and paved the way…

MEDIA RELEASE: SUPPLEMENTARY LIST OF VAT-FREE (ZERO-RATED) ITEMS EFFECTIVE NOV 1ST, 2021

The Minister of Finance, Honourable Colm Imbert, MP, wishes to advise that the supplementary list of Basic Food Items that will be VAT-Free (Zero-Rated) from Monday, November 1st, 2021, has been published as The Value Added Tax (Amendment to Schedule 2)(No. 2) Order, 2021; Legal Notice No. 259, dated October 29th, 2021 (attached). The Order…

Media Release: Final Extension of the Tax Amnesty to October 15th, 2021

The Minister of Finance, Honourable Colm Imbert, MP, wishes to advise that to give taxpayers a final opportunity to get their financial records in order and to file their tax returns, the 2021 Tax Amnesty has been extended to Friday, October 15th, 2021. It should be noted that there will be no further extension of…

Media Release: Misleading and Inaccurate Editorial on the National Insurance System

In that Editorial the Express falsely claimed that the Minister of Finance was only making “darting references and piecemeal approaches” to address the “stark” problem of the shortfall between contributions and benefits in the National Insurance System (NIS) and went on to declare that rather than these “piecemeal” approaches, what was required was a comprehensive…

MEDIA RELEASE: INACCURATE AND MISLEADING GUARDIAN ARTICLE ON THE REPLACEMENT OF OLD SMALL DENOMINATION COTTON BANKNOTES WITH NEW POLYMER NOTES

The Minister of Finance, Honourable Colm Imbert M.P., has taken note of an inaccurate and misleading article in today’s Trinidad Guardian regarding the planned replacement of old small-denomination cotton banknotes ($1, $5, $10, $20 and $50) with new polymer notes.In this article, the Guardian quotes Opposition politicians and known UNC activists who falsely and irresponsibly…

MEDIA RELEASE: WILD AND MISLEADING ALLEGATIONS FROM THE OPPOSITION ABOUT THE USE OF WITHDRAWALS FROM THE HERITAGE AND STABILISATION FUND

The Minister of Finance, Honourable Colm Imbert M.P. has noted a number of wild, misleading and inaccurate allegations made by Members of the Opposition UNC regarding the utilisation of withdrawals from the Heritage and Stabilization Fund (HSF) during the last year.The Opposition has claimed that the money withdrawn from the Fund was used to pay…