Source-cited draft: tax overview for Trinidad and Tobago (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review.
Source-cited draft.Written from sources but not reviewed by a licensed practitioner, so it may be incomplete or wrong. General reference only; don't file or take a position on it without professional review.
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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
Annual individual income tax return deadline
30 April of the year following the year of incomeIncome 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 yearCorporation 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 partnershipsMiscellaneous 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 liabilityCorporation Tax Act (Chap. 75:02) — https://taxsummaries.pwc.com/trinidad-and-tobago/corporate/other-taxes
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Other Trinidad and Tobago computations in the OpenAccountants Tax Library.