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Trinidad & Tobago Tax Summary

Trinidad & Tobago Tax Rates & Summary (2026)

A quick reference to the main taxes that affect businesses and individuals in Trinidad & Tobago. Rates are stated as currently in force, always confirm against the latest Finance Act before relying on them. For tailored advice, talk to an Andersen TT advisor.

Corporate taxes

  • Corporation Tax: standard rate currently 30%; higher rates apply to petrochemical and certain regulated sectors.
  • Business Levy: currently 0.6% of gross revenue/receipts, payable where it exceeds corporation tax.
  • Green Fund Levy: currently 0.3% of gross revenue/receipts.
  • Withholding tax: applies to certain payments to non-residents.

See our Corporate Tax Advisory and Transfer Pricing services.

Value Added Tax (VAT)

  • Standard rate: currently 12.5%.
  • Registration threshold: currently TT$600,000 of commercial supplies in 12 months.
  • Filing: bi-monthly returns; zero-rated and exempt categories apply.

See VAT & Indirect Tax Advisory.

Individuals & payroll

  • Personal allowance: currently TT$90,000.
  • Income tax: 25% up to TT$1,000,000 chargeable income; 30% above.
  • Payroll statutory: PAYE, National Insurance (NIS) and Health Surcharge.

See Payroll Outsourcing and Employer of Record & PEO.

Always verify: Trinidad & Tobago tax rates, thresholds and allowances change with each national budget and Finance Act. This summary is a general guide, not advice. Book a Tax Health Check for a position specific to your business.

Frequently Asked Questions

What is the corporation tax rate in Trinidad and Tobago?
The standard corporation tax rate is currently 30%. Higher rates apply to certain sectors such as petrochemicals and banking. Companies are also subject to Business Levy (currently 0.6% of gross receipts) and Green Fund Levy (currently 0.3% of gross receipts). Confirm current rates against the latest Finance Act.
What is the VAT rate in Trinidad and Tobago?
The standard VAT rate is currently 12.5%. Businesses must register for VAT once commercial supplies exceed TT$600,000 in a 12-month period, and registered businesses file VAT returns bi-monthly.
What is the personal income tax rate in Trinidad and Tobago?
Individuals receive a personal allowance (currently TT$90,000). Chargeable income is taxed at 25% up to TT$1,000,000 and 30% on the excess. PAYE, National Insurance (NIS) and Health Surcharge are deducted through payroll.
When are corporation tax and VAT returns due?
Corporation tax returns are filed annually with quarterly instalments; VAT returns are filed bi-monthly. Deadlines and penalties for late filing are set by the Board of Inland Revenue, speak to Andersen TT to map your specific obligations.