Global Daily Tax News, Trinidad And Tobago Again Extends Tax Amnesty, (Feb 7, 2025)
Trinidad and Tobago has announced a further extension to the Tax and National Insurance Amnesty introduced in the 2024 Finance Act.
The amnesty covers taxes due up to the year ending December 31, 2023, and national insurance contributions due prior to October 1, 2024.
The amnesty covers individual income tax, corporate tax, business levy, pay-as-you-earn tax, health surcharge, green fund levy, petroleum profits tax, supplemental petroleum tax, unemployment levy, stamp duty, gaming amusement tax, withholding tax, hotel accommodation tax, club gaming tax, insurance premium tax, and the tax on financial services.
The amnesty was subsequently expanded to property taxes unpaid in 2024.
The Government has announced that the deadline for taxpayers to avail themselves of the amnesty has been extended to March 31, 2025.