On December 16, 2024, Moody’s affirmed Trinidad and Tobago’s rating at Ba2 with a Stable outlook. This affirmation is underpinned by the country’s return to sustained growth, primarily driven by the non-energy sector.Despite lower-than-projected energy revenues in fiscal year 2024, which have increased the fiscal deficit to 4.8% of GDP from 1.7% in fiscal year…
The Minister of Finance, Honourable Colm Imbert, MP, wishes to advise that in keeping with the Budget Statement for the Financial Year 2025, there is a waiver of all Customs Duty, Valued Added Tax, and Online Purchase Tax on the following, effective January 1, 2025 (see Legal Notice Nos. 249, 250 and 251 of 2024…
The Minister of Finance, Honourable Colm Imbert, MP, wishes to advise that the Tax Amnesty and National Insurance Amnesty introduced by the Finance Act 2024, which expired on December 31, 2024, will be extended to January 31, 2025. In this regard, the necessary Orders to extend the deadline will be published by tomorrow, Friday, January…
The Honourable Colm Imbert, Minister of Finance, brought remarks (via video presentation) at the 17th Global Forum Plenary Meeting in Asunción, Paraguay, in November of 2024. The Plenary meeting brought together high-level representatives from jurisdictions, international organizations, civil society, and academia. This diverse participation enriched the discussions and presented various perspectives on existing and emerging…
Today, at the OECD Headquarters in Paris, the Hon Colm Imbert MP, Minister of Finance of Trinidad and Tobago signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters (the Convention), bringing the total number of jurisdictions that participate in the Convention to 149. By today’s signing, Trinidad and Tobago joins the world’s widest reaching international…
The Minister of Finance, Hon. Colm Imbert, MP, wishes to advise that today, Standard and Poors, the international credit rating agency, has affirmed Trinidad and Tobago’s credit rating at BBB-, an Investment Grade Rating reflective of the country’s credit strength. S&P has also maintained its stable outlook for Trinidad and Tobago. The country’s strong external…
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…
The Finance (Supplementary Appropriation) (Financial Year 2024) Bill, 2024, presented by the Honourable Colm Imbert, Minister of Finance during the 23rd Sitting of the House of Representatives – 4th Session on Friday 7th June, 2024.
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