Taxation in Trinidad and Tobago

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Future Lotto millionaires and gamblers be warned. From tomorrow, you will be taxed ten per cent of your winnings.

The Gaming Industry intends to respond to the Government’s decision to increase taxes on the industry in every lawful manner.

The government is moving forward to implement the property tax and will hire 248 people to staff the Valuation Division of the Finance Ministry to conduct assessments of properties.

The Courier Association of Trinidad and Tobago (CATT) is contemplating taking the government to court over the recently implemented 7 per cent online tax, which it describes as nonsensical and unfair.

Prime Minister Kamla Persad-Bissessar yesterday gave families some hope of financial relief yesterday, when she announced that Value Added Tax (VAT) on all food items will be removed, effective November 15, as part of measures tabled in tomorrow’s 2012/2013 Budget presentation.

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