Trinidad and Tobago — Value-added tax (VAT)
|General VAT Rate||Other Rates||Local Currency|
Trinidad and Tobago's general VAT rate is 13%, with other rates including 0% that can apply to certain transactions. The Value-added tax (VAT) is administered by the Board of Inland Revenue in Port of Spain.
Trinidad and Tobago is a member of the Caribbean Community (CARICOM) trading bloc, which may affect international VAT collection and regulations.
Trinidad and Tobago's consumption tax is called the Value-added tax (VAT), which was introduced in January 1990.
Value Added Tax Administration Centre
20, St. Vincent Street
Trinidad and Tobago VAT rates for 2017
- 12.5% (from February 2016)
- Zero-rated and exempt
Trinidad and Tobago VAT number format
Businesses in Trinidad and Tobago that are required to collect tax will be issued an identification number. Tax identification numbers can be verified with the Board of Inland Revenue, and will follow a certain format. The VAT number format is 999999 (6 digits).
Trinidad and Tobago VAT return periods
Businesses in Trinidad and Tobago that are required to collect tax from consumers must file regular tax returns with the Board of Inland Revenue in Port of Spain. Trinidad and Tobago's VAT return periods are:
Trinidad and Tobago Value-added tax (VAT) Thresholds
These are the revenue thresholds at which businesses in Trinidad and Tobago are required to start collecting and remitting tax.
- TTD500,000 (from 1 January 2016)
Recovery of VAT by non-established businesses
Non-established businesses are small, unincorporated businesses that sell taxable goods and may consist of a single individual, or several. Non-incorporated businesses in Trinidad and Tobago are not required to collect taxes from the consumer.
Trinidad and Tobago VAT Refunds
Many countries allow tourists, and others making purchases for export, to receive a VAT refund on exiting the country (or make purchases VAT free). While we don't have data on the Trinidad and Tobago VAT refund program, more info can be obtained from the Board of Inland Revenue.
Trinidad and Tobago Tax Sources & Citations
- EN: Trinidad and Tobago Value Added Tax
- RU: НДС
- CN: 增值税
- Trinidad and Tobago Board of Inland Revenue (accessed 2017)
- Ernst & Young global VAT tax study, Trinidad and Tobago (updated 2017)
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