Government of the Republic of Trinidad and Tobago

Tag: 2025

Media Release – Cash Flow, not Bureaucracy, at the Core of VAT Refunds delay

The Minister of Finance notes concerns raised by the Daily Express in its editorial “Drowning in VAT bureaucracy” centred around the “tardiness in repaying VAT to companies” and wishes to address the issues raised.Cash flow constraints have resulted in a 1-month delay in completing this exercise, not bureaucracy.

Media Release: Moody’s affirms Trinidad and Tobago’s Ba2 rating with Stable Outlook

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…

Notice of Vacancy: Treasury Solicitor (Group L2A), Treasury Solicitor Department, Ministry of Finance

Applications are invited from suitably qualified persons for appointment to the office of Treasury Solicitor (Group L2A), Treasury Solicitor’s Department, Ministry of Finance. Under the general direction of the Minister of Finance, the incumbent is required to advise and guide the Minister of Finance and all Ministries/ Departments of Government on the proper financial management…

Media Release – Exemption of Customs Duty, VAT, and Online Purchase Tax on Sporting Equipment, Electric Vehicle Chargers and Parts

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…

Media Release – Extension of the Tax Amnesty and National Insurance Amnesty to January 31, 2025

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…

State Enterprises Investment Programme 2025 (Mobile Version)

Performance under Trinidad’s State Enterprises Investment Programme has remained fairly steady over the years against the ebbs and flows of the international economic landscape. Total investment in fixed capital by the State Enterprises sector for 2024 is projected to be just over$4,200 million. Of that sum, approximately 80 percent is expected to be incurred between…