Feature Address by the Honourable Colm Imbert, MP, Minister of Finance on the Commissioning of Non-Intrusive Inspection (NII) Mobile Scanners at the Port of Port of Spain, Trinidad
It is my distinct honour to stand before you today at this landmark event—the commissioning of state-of-the-art Non-Intrusive Inspection (NII) scanners at the Port of Port of Spain. This event confirms the Government’s commitment to strengthening national security, enhancing trade facilitation, and ensuring efficiency in our port operations.With more than 300,000 containers passing through the…
Speech by the Honourable Colm Imbert, Minister of Finance at the Trinidad and Tobago Chamber of Industry and Commerce on Tuesday 11th February, 2025: Propelling SMEs for Success in 2025
As we are all aware, Small and Medium Enterprises (SMEs) are critical to the development of Trinidad and Tobago. At present, there are approximately 20,000–25,000 SMEs, representing roughly 95% of the registered businesses in the country, and they employ nearly 200,000 persons in the workforce. They also contribute significantly to employment and innovation in Trinidad…
Media Release – A Summary by the Minister of Finance, Hon. Colm Imbert, MP, of the Annual Report of the Financial Intelligence Unit of Trinidad and Tobago (FIUTT) for the year ended September 30, 2024
In accordance with Section 18 of the Financial Intelligence Unit of Trinidad and Tobago Act, Chap. 72:01, the Director of the FIUTT submitted to the Minister of Finance its Annual Report for 2024. This Report was laid in Parliament by the Minister, Hon. Colm Imbert, MP, on Wednesday, February 8, 2025. The following are some…
Media Release: 87,376 Individuals Tax Refunds to be Issued
The Minister of Finance, Hon. Colm Imbert, MP, wishes to advise that he has requested the Board of Inland Revenue to issue individual tax refunds to all eligible taxpayers that are owed these refunds in amounts up to $25,000.
Media Release – Trinidad and Tobago removed by the OECD from the list of countries with harmful Tax Practices
The Minister of Finance, Hon. Colm Imbert, MP, wishes to advise that in January 2025, Trinidad and Tobago was deemed by the OECD Forum on Harmful Tax Practices to be free from harmful tax practices, and removed from the list of countries with such practices in February 2025. The OECD Forum on Harmful Tax Practices…
Financial Intelligence Unit of Trinidad and Tobago (FIUTT) 2024 Annual Report
The FIUTT supervises and monitors over 5,000 entities, spanning 15 diverse sectors, to ensure adherence to AML/CFT/CPF regulations.
Media Release – Tax and NIS Amnesties extended to March 31, 2025
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…
Media Release – Value Added Tax (VAT) Bonds Application Forms are available Online
In keeping with the Ministry of Finance’s 2025 ‘VAT Bonds’ initiative, the Board of Inland Revenue (BIR) has announced that persons registered for VAT (“VAT Registrants”) can now apply for the payment of outstanding VAT refunds, via VAT Bonds. The BIR further advises that the VAT Bonds would be issued on a first come, first…
Media Release – Ministers Imbert and Beckles-Robinson Host Courtesy Visit with IDB Representatives
The Honourable Colm Imbert Minister of Finance along with the Honourable Pennelope Beckles-Robinson, Minister of Planning and Development met with a visiting mission from the Inter-American Development Bank (IDB) on Tuesday 21st January, 2025 at the Eric Williams Finance Building (EWFB), Port of Spain. The IDB Team was led by Mr. Jordan Schwartz – Executive…