Media Release: Negative Statements by UWI Professor about the 2023 IMF Article IV Report are Unwarranted, Erroneous, Baseless and Unfortunate
The Minister of Finance, Hon. Colm Imbert, M.P., has taken note of erroneous and ridiculous statements made by UWI Professor Roger Hosein regarding the recently published IMF 2023 Article IV Report on its consultation with Trinidad and Tobago.On May 1, 2023, the Executive Board of the International Monetary Fund (IMF) concluded the 2023 Article IV…
Media Release: IMF Commends Trinidad and Tobago on Economic Recovery and Fiscal Discipline
Port of Spain: The International Monetary Fund (IMF) has concluded the 2023 Article IV consultation with Trinidad and Tobago, praising the country’s progress in recovering from the COVID-pandemic and achieving fiscal discipline. The Executive Board of the IMF endorsed the staff appraisal following consultations in Port of Spain held with the Ministry of Finance, the…
Media Release: Inaccurate Newsday Headline on Recent Statements made in the Senate Regarding the Audit of the THA
It is unfortunate that on Wednesday 26th April, 2023 the Newsday Newspaper published an inaccurate headline over an article reporting my recent statements in the Senate. Not once during my contribution on that day did I state that the Ministry of Finance ‘has no oversight over THA.
Media Release: Inaccurate Reporting and Commentary on Tobago Land Acquisition CV2021-04481 between Wolwin Lovell v The Attorney
The Minister of Finance, Hon, Colm Imbert, MP has taken note of inaccurate reporting on the case of Wolwin Lovell v The Attorney General of Trinidad and Tobago, which involved a dispute for compensation for the compulsory acquisition of property required for the new Airport Terminal Building in Tobago. This inaccurate reporting has been followed…
Media Release: Tax Amnesty Extended to May 19, 2023
The Minister of Finance, Hon. Colm Imbert, MP, wishes to advise that the tax amnesty has been extended to May 19, 2023, to give businesses and individuals more time to prepare their financial statements and finalize the necessary documentation to submit their tax returns and pay the taxes due for the year of income 2021…
Media Release: Prudent Policies and Growth welcomed by the IMF in the Concluding Statement of the 2023 Article IV Mission to Trinidad and Tobago
Today, the IMF has released the Concluding Statement of its two-week 2023 Article IV Mission to Trinidad and Tobago. It is a yearly health-check by international experts, of Trinidad and Tobago’s economy and finances. The Minister of Finance, the Honourable Colm Imbert, MP, extends his thanks to the IMF team, “for the thorough work and…
Media Release: With the support of CIAT and CAF, the Ministry of Finance of Trinidad and Tobago evaluates a comprehensive transfer pricing regime
In the framework of the ‘Project for the Control of Transfer Pricing Operations in Trinidad and Tobago’, funded by the Development Bank of Latin America (CAF), a CIAT team visited the Ministry of Finance of Trinidad & Tobago and its Inland Revenue Division (IRD) during the period March 2-5, 2023; with the aim to formulate…
Media Release – Economic Growth in 2022 Better than Expected
The Minister of Finance, Hon. Colm Imbert, MP, wishes to advise that the latest statistics for actual economic growth for 2022, published by the Central Statistical Office (CSO) on its website, as it continues to refine its data, are better than previously estimated. Instead of a decline of -0.1% in Real Gross Domestic Product (GDP)…
Feature Address by the Minister of Finance at the Official Opening Ceremony of the CED Building, San Fernando
The new Customs and Excise Division Jetty is a T-shaped Jetty, with a length of 44m and a width of 32m. The jetty will accommodate vessels docking at the King’s Wharf port of entry for Trinidad and Tobago as well as safeguard the Customs and Excise’s mandate to promote security, as well as facilitate and…