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…
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…