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…
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)…
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…
Good morning, ladies and gentlemen.I am very pleased to be given this opportunity to contribute to today’s important discussion on Advancing Financial Inclusion in the Caribbean, especially when the digital financial services landscape is so rapidly changing.In Trinidad and Tobago, the Government, through the Ministry of Finance, is deeply invested in efforts to improve the…
In accordance with the provisions of the amended National Insurance Act, Chap. 32:01, the Minister of Finance, Hon. Colm Imbert, MP, has extended the deadline for the payment of outstanding NIS contributions, without having to pay interest and/or penalties, from December 31st, 2022 to January 31st, 2023.
The Minister of Finance, Hon. Colm Imbert, MP, wishes to announce a waiver of all taxes (Customs Duty, Online Purchase Tax and Value Added Tax) on CCTV cameras and DVRs used in CCTV systems, as stand-alone items.This tax waiver will take effect from January 1st, 2023.
In March 2022, Opposition activist Ravi Balgobin Maharaj filed a lawsuit against the Minister of Finance Minister, Hon. Colm Imbert, MP, over the Minister’s decision to appoint businessman Patrick Ferreira as chairman of the National Insurance Board of Trinidad and Tobago (NIB). The Judge assigned to the matter, the Honourable Jacqueline Wilson, ruled in favour…
The Minister of Finance, Hon. Colm Imbert, MP, has noted commentary in the media regarding a recent disclosure that the Customs and Excise Division scans SEVENTEEN PERCENT (17%) of containers entering Trinidad and Tobago at official ports of entry.This statistic has led to further commentary from business spokespersons who have complained about the current level…
The Minister of Finance, Hon. Colm Imbert, wishes to advise that the Budget Division of the Ministry of Finance reported yesterday that as various ministries and departments continue to complete their accounting of the actual expenditure in Fiscal 2022, as opposed to the estimated expenditure published in the 2023 Budget Documents, it has turned out…
The CAF- Development Bank of Latin America has offered to donate US$200,000.00 (TT$1.36 million) as a demonstration of unwavering solidarity with the people of Trinidad and Tobago.