Government of the Republic of Trinidad and Tobago

Tag: Property Tax

Media Release: Further Extension of Time for the Board of Inland Revenue to Issue Notices of Assessment

The Ministry of Finance wishes to advise that the time period for the Board of Inland Revenue to issue a Notice of Assessment has been further extended from July 31, 2024 to August 16, 2024 vide Legal Notice No. 132 of 2024 (see the Legal Notice attached). This has become necessary to permit the Board…

Media Release: Extension of Time for the Board of Inland Revenue to Issue Notices of Assessment of Property Tax

The Minister of Finance, Honourable Colm Imbert, MP, wishes to advise that the time period for the Board of Inland Revenue to issue Notices of Assessment of Property Tax has been extended from June 30, 2024, to July 31, 2024, vide Legal Notice No. 115 of 2024 (see the Legal Notice attached). This has become…

Media Release: Ministry of Finance Statement on the Implementation of Property Tax

Madam Speaker, I am authorized by Cabinet to make the following statement regarding the implementation of Property Tax in Trinidad and Tobago. The Government has been making steady progress in the implementation of Property Tax. To this end, we are currently at the stage where Notices of Tax Assessments under the Property Tax Act, have…

MEDIA RELEASE: NOTICES OF VALUATION ARE NOT NOTICES OF PROPERTY TAX, PROPERTY TAX IS ONLY 3% OF THE ANNUAL RENTAL VALUE

The Minister of Finance, Hon. Colm Imbert, MP, has taken note of a misunderstanding regarding the meaning and effect of the Notices of Valuation which are being posted out to residential property owners.Although these Notices of Valuation do not refer to Property Tax and are not issued by the Board of Inland Revenue, it is…

Media Release – Final Extension of Deadline for the Submission of Returns

This Public Notice is issued pursuant to Section 29 of the Valuation of Land Act Chap. 58:03 of the Laws of the Republic of Trinidad and Tobago. The Commissioner of Valuations wishes to advise every person in possession of residential land, commercial land, agricultural land or a combination of any of the above (mixed use)…

Media Release – Court of Appeal Ruling Pertinent only to 2017 Valuation Exercise

The Court of Appeal today handed down its decision on an appeal filed by Devant Maharaj in 2017 in which he was challenging a data collection exercise commenced by the Commissioner of Valuations in 2017. The Court of Appeal’s decision made it clear that nothing in their decision was intended to apply to or affect…