Americas · Tax guide
Trinidad and Tobago
Trinidad and Tobago taxes company profits at 30% and charges VAT at 12.5%. Taxes are administered by the Board of Inland Revenue.
At a glance
- Corporate income tax
- 30%
- VAT
- 12.5%
- VAT registration
- TT$600,000
- Withholding on payments abroad
- 15%
Higher for banks and petrochemicals
Standard rate
Annual turnover
Before treaty relief
Corporate income tax
Companies pay 30%. Banks and petrochemical companies pay more, and companies also pay the business levy and green fund levy on gross sales. Quarterly instalments are paid, and the annual return is due by 30 April.
VAT
VAT is 12.5%. Registration is required once annual turnover exceeds TT$600,000. Returns are filed every two months, by the 25th after the period.
Payments abroad
Payments to non-residents carry 15% withholding unless a treaty lowers it.
Key dates
- By the 25th, every two monthsVAT return
- QuarterlyIncome tax and levy instalments
- 30 AprilAnnual income tax return
Figures and sources
4 figures- Corporate income tax rate30%Under professional review
- VAT rate12.5%Under professional review
- Annual turnover above which VAT registration is requiredTT$600,000Under professional review
- Withholding on payments to non-residents15%Under professional review
Indicative only. This assessment is a high-level overview of tax obligations in Trinidad and Tobago based on the information you provided and rules in force for 2026. It is not tax or legal advice. Consult a qualified tax adviser in Trinidad and Tobago (a Trinidad and Tobago tax adviser) before making compliance decisions.