The Minister of Finance, Hon. Colm Imbert, MP, has taken note of a ludicrous, fabricated and outrageous claim made by the Leader of the Opposition on a political platform, as reported in today’s Trinidad Guardian newspaper, but without a shred of evidence or basis, that the Government plans to impose a 25 percent (25%) inheritance…
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…
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…
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.
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…
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…
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…
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)…