Tax Overview in Trinidad and Tobago

Tax overview for Trinidad and Tobago (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review.

Trinidad and Tobago · tax year 2025 · changed 25 Jun 2026

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Key figures: Trinidad and Tobago, 2025

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Tax year (year of income)

Calendar year, 1 January to 31 DecemberIncome Tax Act (Chap. 75:01) — https://taxsummaries.pwc.com/trinidad-and-tobago/individual/tax-administration

Currency

Trinidad and Tobago dollar (TTD / TT$)Central Bank of Trinidad and Tobago

Tax authority

Inland Revenue Division (IRD), Ministry of FinanceInland Revenue Division — https://www.ird.gov.tt/

Individual residence basis

Residents are taxed on worldwide income; non-residents are taxed only on Trinidad and Tobago-source incomeIncome Tax Act (Chap. 75:01) — https://taxsummaries.pwc.com/trinidad-and-tobago/individual/taxes-on-personal-income

Corporate residence basis

Resident companies are taxed on worldwide income; non-resident companies are taxed only on income accruing in or derived from Trinidad and TobagoCorporation Tax Act (Chap. 75:02) — https://taxsummaries.pwc.com/trinidad-and-tobago/corporate/taxes-on-corporate-income

Headline personal income tax rates

25% on chargeable income up to TTD 1,000,000; 30% on the excessIncome Tax Act (Chap. 75:01) — https://taxsummaries.pwc.com/trinidad-and-tobago/individual/taxes-on-personal-income

Headline corporation tax rate

30% standard rate (higher rates for banks, petrochemical and petroleum companies)Corporation Tax Act (Chap. 75:02) — https://taxsummaries.pwc.com/trinidad-and-tobago/corporate/taxes-on-corporate-income

Value Added Tax

Yes — VAT applies at a standard rate of 12.5%Value Added Tax Act (Chap. 75:06) — https://www.ird.gov.tt/VAT

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Trinidad and Tobago tax system at a glance

Tax year (year of income) — Calendar year, 1 January to 31 December (Income Tax Act (Chap. 75:01) — https://taxsummaries.pwc.com/trinidad-and-tobago/individual/tax-administration)
Currency — Trinidad and Tobago dollar (TTD / TT$) (Central Bank of Trinidad and Tobago)
Tax authority — Inland Revenue Division (IRD), Ministry of Finance (Inland Revenue Division — https://www.ird.gov.tt/)
Individual residence basis — Residents are taxed on worldwide income; non-residents are taxed only on Trinidad and Tobago-source income (Income Tax Act (Chap. 75:01) — https://taxsummaries.pwc.com/trinidad-and-tobago/individual/taxes-on-personal-income)
Corporate residence basis — Resident companies are taxed on worldwide income; non-resident companies are taxed only on income accruing in or derived from Trinidad and Tobago (Corporation Tax Act (Chap. 75:02) — https://taxsummaries.pwc.com/trinidad-and-tobago/corporate/taxes-on-corporate-income)
Headline personal income tax rates — 25% on chargeable income up to TTD 1,000,000; 30% on the excess percent (Income Tax Act (Chap. 75:01) — https://taxsummaries.pwc.com/trinidad-and-tobago/individual/taxes-on-personal-income)
Headline corporation tax rate — 30% standard rate (higher rates for banks, petrochemical and petroleum companies) percent (Corporation Tax Act (Chap. 75:02) — https://taxsummaries.pwc.com/trinidad-and-tobago/corporate/taxes-on-corporate-income)
Value Added Tax — Yes — VAT applies at a standard rate of 12.5% percent (Value Added Tax Act (Chap. 75:06) — https://www.ird.gov.tt/VAT)
Annual individual income tax return deadline — 30 April of the year following the year of income (Income Tax Act (Chap. 75:01) — https://taxsummaries.pwc.com/trinidad-and-tobago/individual/tax-administration)
Annual corporation tax return deadline — 30 April following the end of the income year (Corporation Tax Act (Chap. 75:02) — https://taxsummaries.pwc.com/trinidad-and-tobago/corporate/tax-administration)
Green Fund Levy — 0.3% of gross income/receipts, payable by companies and partnerships percent (Miscellaneous Taxes Act (Chap. 77:01) — https://taxsummaries.pwc.com/trinidad-and-tobago/corporate/other-taxes)
Business Levy — 0.6% of gross revenue/receipts, payable where it exceeds the corporation/income tax liability percent (Corporation Tax Act (Chap. 75:02) — https://taxsummaries.pwc.com/trinidad-and-tobago/corporate/other-taxes)

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Trinidad and Tobago tax system at a glance

Tax year (year of income) — Calendar year, 1 January to 31 December (Income Tax Act (Chap. 75:01) — https://taxsummaries.pwc.com/trinidad-and-tobago/individual/tax-administration)

Currency — Trinidad and Tobago dollar (TTD / TT$) (Central Bank of Trinidad and Tobago)

Tax authority — Inland Revenue Division (IRD), Ministry of Finance (Inland Revenue Division — https://www.ird.gov.tt/)

Individual residence basis — Residents are taxed on worldwide income; non-residents are taxed only on Trinidad and Tobago-source income (Income Tax Act (Chap. 75:01) — https://taxsummaries.pwc.com/trinidad-and-tobago/individual/taxes-on-personal-income)

Corporate residence basis — Resident companies are taxed on worldwide income; non-resident companies are taxed only on income accruing in or derived from Trinidad and Tobago (Corporation Tax Act (Chap. 75:02) — https://taxsummaries.pwc.com/trinidad-and-tobago/corporate/taxes-on-corporate-income)

Headline personal income tax rates — 25% on chargeable income up to TTD 1,000,000; 30% on the excess percent (Income Tax Act (Chap. 75:01) — https://taxsummaries.pwc.com/trinidad-and-tobago/individual/taxes-on-personal-income)

Headline corporation tax rate — 30% standard rate (higher rates for banks, petrochemical and petroleum companies) percent (Corporation Tax Act (Chap. 75:02) — https://taxsummaries.pwc.com/trinidad-and-tobago/corporate/taxes-on-corporate-income)

Value Added Tax — Yes — VAT applies at a standard rate of 12.5% percent (Value Added Tax Act (Chap. 75:06) — https://www.ird.gov.tt/VAT)

Annual individual income tax return deadline — 30 April of the year following the year of income (Income Tax Act (Chap. 75:01) — https://taxsummaries.pwc.com/trinidad-and-tobago/individual/tax-administration)

Annual corporation tax return deadline — 30 April following the end of the income year (Corporation Tax Act (Chap. 75:02) — https://taxsummaries.pwc.com/trinidad-and-tobago/corporate/tax-administration)

Green Fund Levy — 0.3% of gross income/receipts, payable by companies and partnerships percent (Miscellaneous Taxes Act (Chap. 77:01) — https://taxsummaries.pwc.com/trinidad-and-tobago/corporate/other-taxes)

Business Levy — 0.6% of gross revenue/receipts, payable where it exceeds the corporation/income tax liability percent (Corporation Tax Act (Chap. 75:02) — https://taxsummaries.pwc.com/trinidad-and-tobago/corporate/other-taxes)