The Minister of Finance, Hon. Colm Imbert, MP, wishes to advise that as of Monday, January 27, 2025, the Tax Amnesty had raised $2.38 billion in revenue.

Compared to previous years, the current Tax Amnesty is now on par with the 2019 tax amnesty, which was the most successful tax amnesty granted in the history of Trinidad and Tobago in terms of collections. It is now likely that the current 2024/2025 tax amnesty will exceed the collections in 2019.

Additionally, it is important to note that under the Public Procurement and Disposal of Public Property Act, which was proclaimed in 2023, Small and Medium Enterprises (SMEs) which are not up to date with their tax and National Insurance payments face significant challenges in participating in procurement proceedings by Ministries, Statutory Authorities and State Enterprises.