INVESTMENT INCENTIVES
All Companies and Manufacturing Sector
| Incentive | Summary | Contact info |
|---|---|---|
| Corporation Tax Exemption for Small Companies | Full corporation tax exemption for approved small companies for 6 years. | Ministry of Trade, Investment and Tourism Phone: 623-2931 – 4 Email address: mti-info@gov.tt Website: www.tradeind.gov.tt |
| Corporate Sponsorship Allowance (Education) | For the 2024 income year, companies can claim a 150% tax deduction on money spent sponsoring educational initiatives at public or private schools registered with the Ministry of Education. This deduction is capped at a maximum of $500,000.00. | Inland Revenue Division, Ministry of Finance Phone: 800-TAXX (8299) Email address: support@ird.gov.tt Website: http://ird.gov.tt/ |
| Cybersecurity Investment Tax Allowance | Allows a 150% tax deduction on qualifying cybersecurity expenditure, capped at TT$500,000. | Board of Inland Revenue, Ministry of Finance Phone: 800-TAXX (8299) Email address: support@ird.gov.tt Website: http://ird.gov.tt/ |
| Enterprise Assistant Fund (EAF) | Provides loan funding for Tobago-based micro and small businesses up to two hundred and fifty thousand dollars ($250,000.00) and is geared towards providing strategic financial and technical assistance to startups and existing businesses. | Business Development Unit (BDU) Division of Finance, Trade and the Economy Tobago House of Assembly Phone: 639-4412 ext 53201-53215 Email address: info@bdutobago.com Website: www.bdutobago.com |
| Enterprise Assistant Grant Programme (EAGP) | Provides grant funding for Tobago-based micro and small businesses up to twenty-five thousand dollars ($25,000.00) and is geared towards providing strategic financial and technical assistance to start-ups and existing businesses. | Business Development Unit (BDU) Division of Finance, Trade and the Economy Tobago House of Assembly Phone: 639-4412 ext 53201-53215 Email address: info@bdutobago.com Website: www.bdutobago.com |
| Import Duty Concessions | Exemptions on customs duties for items to be utilised in manufacturing or processing operations. | Ministry of Trade, Investment and Tourism Phone: 623-2931 – 4 Email address: mti-info@gov.tt Website: www.tradeind.gov.tt |
| The Micro and Small Business Grant Scheme | The Micro and Small Business Grant Scheme is a funding initiative developed to support entrepreneurs across Trinidad and Tobago. The programme offers financial assistance of up to TT$20,000 to eligible individuals and businesses, helping them to develop, launch, or expand their operations. | National Entrepreneurship Development Company Limited Phone: 821-5800 Email address: msbgrant@gov.tt Website: www.nedco.gov.tt |
| Promotional Expense Tax Deduction | Allows a 150% corporation tax deduction for eligible foreign market promotion expenses such as advertising, travel, trade fairs, and promotional samples. | Board of Inland Revenue, Ministry of Finance Phone: 800-TAXX (8299) Email address: support@ird.gov.tt Website: http://ird.gov.tt/ |
| Promotional Expenses Allowance | The Promotional Expenses allowance is equivalent to one hundred and fifty percent (150%) of the amount actually expended for the purpose of creating or promoting the expansion of foreign (export) markets. | Ministry of Trade, Investment and Tourism Phone: 623-2931 – 4 Email address: mti-info@gov.tt Website: www.tradeind.gov.tt |
| School to Work Apprenticeship Allowance | Allows employers a 150% tax deduction on remuneration paid to apprentices (up to 5% of total wage bill). | National Training Agency Phone: 672-7107 ext. 1301/1230 Email address: ceooffice@ntatt.org Website: www.ntatnt.org |
| SME Stock Market Incentives | Temporary corporation tax exemption for companies listing on the SME tier of the Trinidad and Tobago Stock Exchange (TTSE): 5 years full exemption, 5 years 50% exemption. | Board of Inland Revenue, Ministry of Finance Phone: 800-TAXX (8299) Email address: support@ird.gov.tt Website: http://ird.gov.tt/ |
| Tax Credit for Electronic Payment Providers | Up to TT$50,000 tax credit for businesses offering digital payment infrastructure or acting as e-money issuers. | Board of Inland Revenue, Ministry of Finance Phone: 800-TAXX (8299) Email address: support@ird.gov.tt Website: http://ird.gov.tt/ |
| Training Allowance (Tax Deduction) | Allows a 150% corporation tax deduction for employee training and retraining expenses. | Board of Inland Revenue, Ministry of Finance Phone: 800-TAXX (8299) Email address: support@ird.gov.tt Website: http://ird.gov.tt/ |
| VAT Registration Threshold Increase | Increased the VAT registration threshold fromTT$500,000 to TT$600,000 to reduce compliance costs for small businesses. | Board of Inland Revenue, Ministry of Finance Phone: 800-TAXX (8299) Email address: support@ird.gov.tt Website: http://ird.gov.tt/ |
| Free to low-cost meeting facilities | NALIS provides conference rooms, co-working spaces, or private meeting rooms at minimal cost. This serves businesses, especially startups and small enterprises on overhead expenses | National Library andInformation System Authority (NALIS) Phone: 62-NALIS (626-2547) Email address: pr.marketing@nalis.gov.tt Website: www.nalis.gov.tt |
| Access to Market Research and Business Data | NALIS subscribes to expensive business databases via EBSCO that companies can access free to charge | National Library andInformation System Authority (NALIS) Phone: 62-NALIS (626-2547) Email address: pr.marketing@nalis.gov.tt Website: www.nalis.gov.tt |
| Access to Information Technology | Free internet Access, Wi-Fi, printing facilities at a minimal cost | National Library andInformation System Authority (NALIS) Phone: 62-NALIS (626-2547) Email address: pr.marketing@nalis.gov.tt Website: www.nalis.gov.tt |
| Spaces for Product Displays / Exhibitions | NALIS offers spaces for businesses to conduct product displays and entrepreneurs to host fairs. Businesses can capitalise on the library's clientele and host lectures (depending on the nature of the product). | National Library andInformation System Authority (NALIS) Phone: 62-NALIS (626-2547) Email address: pr.marketing@nalis.gov.tt Website: www.nalis.gov.tt |
| Co-branding Opportunities | NALIS offers co-branding opportunities for businesses. Companies can capitalise on NALIS' existing customer base of approximately 230,000 active registered members. | National Library andInformation System Authority (NALIS) Phone: 62-NALIS (626-2547) Email address: pr.marketing@nalis.gov.tt Website: www.nalis.gov.tt |
| Heritage Tax Allowance Programme | Allows for a tax deduction of up to 150% of expenditure incurred by companies or individuals on the restoration, preservation, and maintenance of approved heritage properties. Encourages private sector participation in heritage conservation. | Board of Inland Revenue, Ministry of Finance Phone: 800-TAXX (8299) Email address: support@ird.gov.tt Website: http://ird.gov.tt/ |
| Business Levy Exemption on Export Sales | Manufacturers paying the 30% corporation tax rate are exempt from the business levy on revenues earned from export sales. | Board of Inland Revenue, Ministry of Finance Phone: 800-TAXX (8299) Email address: support@ird.gov.tt Website: http://ird.gov.tt/ |
| Capital Expenses Allowance | Manufacturers are entitled to a capital allowance of 90% of initial costs for machinery and equipment and an annual wear and tear allowance of 30% thereafter. | Board of Inland Revenue, Ministry of Finance Phone: 800-TAXX (8299) Email address: support@ird.gov.tt Website: http://ird.gov.tt/ |
| Fiscal Incentives |
Exemption from income tax on dividends or other distribution, other than interest, out of profits or gains derived from the manufacture of the approved product during the tax holiday period. | Ministry of Trade, Investment and Tourism Phone: 623-2931 – 4 Email address: mti-info@gov.tt Website: www.tradeind.gov.tt |
| Import Duty Concessions (Maritime) | Locally registered firms engaged in ship building and ship repair are allowed duty free treatment on their machinery, equipment and materials for use in the boat and ship building and repairs industry based upon the provisions of the Third Schedule of the Customs Act, Chapter 78:01 (as amended). | Ministry of Trade, Investment and Tourism Phone: 623-2931 – 4 Email address: mti-info@gov.tt Website: www.tradeind.gov.tt |
| Import Duty Exemptions | Import Duty Exemptions are granted for machinery, equipment materials, and parts | Ministry of Trade, Investment and Tourism Phone: 623-2931 – 4 Email address: mti-info@gov.tt Website: www.tradeind.gov.tt |
| Research and Development Allowance | Companies can deduct 40% of their research and development expenditures, up to a maximum of $3,000,000.00, when calculating their taxable profits. | Board of Inland Revenue, Ministry of Finance Phone: 800-TAXX (8299) Email address: support@ird.gov.tt Website: http://ird.gov.tt/ |
| Wear and Tear Allowance for Plant & Equipment | Increase in annual depreciation rate from 25% to 30% on qualifying plant and equipment for corporation tax calculations. | Board of Inland Revenue, Ministry of Finance Phone: 800-TAXX (8299) Email address: support@ird.gov.tt Website: http://ird.gov.tt/ |
| VAT Waiver on Renewable Energy Equipment for Manufacturers | Manufacturers who install renewable energy systems receive a full VAT and customs duty waiver on related equipment. | Ministry of Energy and Energy Industries Phone: 225- 4EEI (4334) Email address: info@energy.gov.tt Website: www.energy.gov.tt |
Creative, Sports and Tourism Sector
| Incentive | Summary | Contact info |
|---|---|---|
| Creative | ||
| Art and Culture Allowance | A Corporate Sponsor can claim an allowance for that year of income: 100% of the actual expenditure incurred up to a maximum of twelve (12) million dollars spent on first acquisition of visual art or funding a registered performing artist. | Inland Revenue Division, Ministry of Finance Phone: 800-TAXX (8299) Email address: support@ird.gov.tt Website: http://ird.gov.tt/ |
| Cultural Productions Tax Deduction (150%) | 150% tax deduction for expenses on audio/visual productions for educational, entertainment, or cultural purposes based on the actual expenditure incurred but not exceeding TTD 12 million in aggregate | Inland Revenue Division, Ministry of Finance Phone: 800-TAXX (8299) Email address: support@ird.gov.tt Website: http://ird.gov.tt/ |
| Film Production Expenditure Rebate Programme | Cash rebate to local and foreign film producers for production expenditure incurred while filming in Trinidad and Tobago. | Ministry of Trade, Investment and Tourism Phone: 623-2931 – 4 Email address: mti-info@gov.tt Website: www.tradeind.gov.tt |
| Import Duty Concessions (Creative) | Enterprises engaged in the film industry are allowed duty free concessions on machinery, equipment and materials for the production of motion pictures. | Ministry of Trade, Investment and Tourism Phone: 623-2931 – 4 Email address: mti-info@gov.tt Website: www.tradeind.gov.tt |
| Production Allowance | A Production Company that incurred expenditure for its own audio, visual or video production reflecting local entertainment or local culture can claim as an allowance for that year of income: 150% of the actual expenditure incurred up to a maximum of twelve (12) million dollars. | Inland Revenue Division, Ministry of Finance Phone: 800-TAXX (8299) Email address: support@ird.gov.tt Website: http://ird.gov.tt/ |
| Promotion of the Fashion Industry | A Corporate Sponsor can claim an allowance for that year of income: 150% of the actual expenditure incurred up to a maximum of twelve (12) million dollars spent in promotion of the fashion industry. | Inland Revenue Division, Ministry of Finance Phone: 800-TAXX (8299) Email address: support@ird.gov.tt Website: http://ird.gov.tt/ |
| Remission of VAT and Duty on the Temporary Importation of Film Production Equipment |
| Global Trinidad and Tobago Phone: 612-3988 Email address: information@globaltnt.com Website: ww.globaltrinidadandtobago.com |
| Sponsorship of Audio, Visual and Video Productions | A Corporate Sponsor can claim an allowance for that year of income: 150% of the actual expenditure incurred up to a maximum of twelve (12) million dollars spent for funding audio, visual or video production promoting or reflecting local entertainment or local culture. | Inland Revenue Division, Ministry of Finance Phone: 800-TAXX (8299) Email address: support@ird.gov.tt Website: http://ird.gov.tt/ |
| Tax Deduction for artistic works | There shall be allowed as a deduction, in ascertaining the chargeable profits of the company for that year of income, the actual expenditure incurred up to a maximum of TT$3,000,000. | Inland Revenue Division, Ministry of Finance Phone: 800-TAXX (8299) Email address: support@ird.gov.tt Website: http://ird.gov.tt/ |
| Tax Deduction for Production Company |
| Inland Revenue Division, Ministry of Finance Phone: 800-TAXX (8299) Email address: support@ird.gov.tt Website: http://ird.gov.tt/ |
| Sports | ||
| Charitable/Sporting Body Registration | Tax exemption and duty relief for registered charitable organisations and sporting bodies. | Board of Inland Revenue, Ministry of Finance Phone: 800-TAXX (8299) Email address: support@ird.gov.tt Website: http://ird.gov.tt/ |
| Community Action for Revival and Empowerment (CARE) Grant | Grants to community orgs, faith/cultural bodies for projects using sport to foster community cohesion, inclusion, and social wellness. | The Central Grants Secretariat Ministry of Sport and Youth Affairs Phone: 625-6088 / 225-2322 Email address: info.msya@gov.tt |
| Sports Equipment Tax Exemption | Import duty and VAT exemptions on all sporting equipment (except clothing) for individuals, organisations, and clubs. | Board of Inland Revenue, Ministry of Finance Phone: 800-TAXX (8299) Email address: support@ird.gov.tt Website: http://ird.gov.tt/ |
| Sport for Development Incentive Grant | Supports orgs, NGOs, and CBOs delivering “Sport for All” projects (inclusion for women, youth, disabled, etc.)—not for-profit. Provides 60% co-funding (max TT$150,000) for sport-based community projects targeting vulnerable groups. | The Central Grants Secretariat Ministry of Sport and Youth Affairs Phone: 625-6088 / 225-2322 Email address: info.msya@gov.tt |
| Sport Grant for Organisations and Individuals |
Funding for clubs, NGOs, community groups, governing bodies, individual athletes, and coaches for sporting activities | Board of Inland Revenue, Ministry of Finance Phone: 800-TAXX (8299) Email address: support@ird.gov.tt Website: http://ird.gov.tt/ |
| Tax Allowance for Sponsorship of Sport | Companies can be granted a corporation tax deduction (up to TT$2,000,000.00) for sponsorship or promotion of sporting activities/events/athletes. | Board of Inland Revenue, Ministry of Finance Phone: 800-TAXX (8299) Email address: support@ird.gov.tt Website: http://ird.gov.tt/ |
| Tourism | ||
| Customs and Excise Duty Exemptions for Tourism Industry | Under Section 22, persons granted interim approval for a tourism project may apply for permits to: (a) Import goods into Trinidad and Tobago free of customs duty. (b) Purchase building materials and tourism equipment locally with a drawback of customs or excise duties. Under Section 4 (2), a licence to import vehicles with the payment of customs duty at the rate of 10 percent and value added tax of 12.5% | For applications in Trinidad: Tourism Trinidad Limited Phone: 868-612-7412 Email: investments@visittrinidad.co.tt For applications in Tobago: Division of Tourism, Antiquities and Creative Industries Phone: 868-639-2125 ext. 2324 Email: investment.tourism@gov.tt |
| Tax Benefits Under the Tourism Development Act | The Tourism Development Act is an act to facilitate the development of the tourism industry by providing incentives and concessions to investors. | For applications in Trinidad: Tourism Trinidad Limited Phone: 868-612-7412 Email: investments@visittrinidad.co.tt For applications in Tobago: Division of Tourism, Antiquities and Creative Industries Phone: 868-639-2125 ext. 2324 Email: investment.tourism@gov.tt |
| Other Tax Benefits – Tourism Transport Services | Section 4 (3) The owner or operator of a vehicle imported for use in an approved tourism project shall be exempt from the payment of motor vehicle tax (MVT). | For applications in Trinidad: Tourism Trinidad Limited Phone: 868-612-7412 Email: investments@visittrinidad.co.tt For applications in Tobago: Division of Tourism, Antiquities and Creative Industries Phone: 868-639-2125 ext. 2324 Email: investment.tourism@gov.tt |
| Trinidad and Tobago Tourism Accommodation Upgrade Project (TAUP) | TAUP provides an incentive to owners/operators of tourism accommodation properties to upgrade their facilities. The incentive is in the form of a partial reimbursement grant and is available to eligible small-medium sized tourism accommodation properties with 1-150 guestrooms. | For applications in Trinidad: Tourism Trinidad Limited Phone: 868-612-7412 Email: investments@visittrinidad.co.tt For applications in Tobago: Division of Tourism, Antiquities and Creative Industries Phone: 868-639-2125 ext. 2324 Email: investment.tourism@gov.tt |
Agriculture Sector
| Incentive | Summary | Contact info |
|---|---|---|
| VAT Exemption on the Importation and Acquisition of Equipment for the Commercial Fishing Sector | This incentive grants VAT exemptions to persons importing/acquiring any fishing boat, marine engine, fishing net, line or other capital equipment solely for the purposes of carrying on the business of commercial fishing. | Fisheries Division, Ministry of Agriculture and Fisheries Phone: 226-9484 ext. 5059/5056 Email: fishdiv@gov.tt Website: www.agriculture.gov.tt |
| Agricultural Incentive Programme – VAT Exemption on New and Used Selected Vehicles | This incentive offers VAT exemptions up to TT $5,000 on the purchase of:
| Regional Administration North (RAN) Agricultural Officer (Incentive) Address: 112 Farm Road, Curepe Email address: RANDirector@gov.tt Website: www.agriculture.gov.tt Regional Administration South (RAS) Agricultural Officer (Incentive) Address: 8 Inverness Avenue, San Fernando Phone: 225-4727/4637 ext. 107 Website: www.agriculture.gov.tt |
| Agricultural Incentive Programme – Duty Free Concessions on Agricultural Equipment and Machinery | Eligible persons/entities will receive exemptions on import/customs duties for imported machinery and equipment to be used in their agricultural operations. | Regional Administration North (RAN) Agricultural Officer (Incentive) Address: 112 Farm Road, Curepe Email address: RANDirector@gov.tt Website: www.agriculture.gov.tt Regional Administration South (RAS) Agricultural Officer (Incentive) Address: 8 Inverness Avenue, San Fernando Phone: 225-4727/4637 ext. 107 Website: www.agriculture.gov.tt |
| Fisheries Incentive Programme – Fuel Rebate | This incentive offers rebates on fuel purchased for agricultural purposes: • Gasoline: Rebate valued at 12 cents/litre • Diesel: Rebate valued at 10 cents/litre • Engine oil: Rebate valued at 75 cents/litre | Regional Administration North (RAN) Agricultural Officer (Incentive) Address: 112 Farm Road, Curepe Email address: RANDirector@gov.tt Website: www.agriculture.gov.tt Regional Administration South (RAS) Agricultural Officer (Incentive) Address: 8 Inverness Avenue, San Fernando Phone: 225-4727/4637 ext. 107 Website: www.agriculture.gov.tt |
| Fisheries Incentive Programme –Vessel Subsidy | This incentive offers subsidisation on vessel costs:
Upgrades to Commercial Vessels to meet HACCP standards: 25% of cost up to a maximum of $10,000 | Agricultural Officer (Incentive) Address: 112 Farm Road, Curepe Email address: RANDirector@gov.tt Website: www.agriculture.gov.tt Regional Administration South (RAS) Agricultural Officer (Incentive) Address: 8 Inverness Avenue, San Fernando Phone: 225-4727/4637 ext. 107 Website: www.agriculture.gov.tt |
| Forestry Incentive Programme – Watershed Rehabilitation | This incentive encourages landowners to plant forest seedlings on their land. In return, they receive a rebate of 50% of the cost of the operation up to twenty-five hundred dollars ($2,500.00) per hectare. | Forestry Division, Ministry of Agriculture and Fisheries Conservator of Forests Phone: 225-3817/8 Email address: Forestry@gov.tt or privateforestryfd@gmail.com Website: www.agriculture.gov.tt |
| Forestry Incentive Programme – Machinery and Equipment | Farmers involved in the rehabilitation of watersheds, Taungya gardens, and the establishment of fire traces and nature trails are eligible for 50% of the cost up to twenty-five thousand dollars ($25,000.00). | Forestry Division, Ministry of Agriculture and Fisheries Conservator of Forests Phone: 225-3817/8 Email address: Forestry@gov.tt or privateforestryfd@gmail.com Website: www.agriculture.gov.tt |
| Forestry Incentive Programme – Perimeter Fire Trace | This incentive is given to encourage farmers to establish fire traces around and within their estate to help prevent the loss of vegetation due to fires. Farmers are eligible for 20% of the cost up to two hundred and fifty dollars ($250.00) per kilometre. | Forestry Division, Ministry of Agriculture and Fisheries Conservator of Forests Phone: 225-3817/8 Email address: Forestry@gov.tt or privateforestryfd@gmail.com Website: www.agriculture.gov.tt |
| Forestry Incentive Programme –Vehicles | This incentive is available to farmers when a minimum of two (2) hectares of land is rehabilitated in any year, with a minimum of four (4) hectares targeted for rehabilitation. Vehicle incentives are paid in five annual tranches, each equivalent to one-fifth (1/5) of the value of the incentive. | Forestry Division, Ministry of Agriculture and Fisheries Conservator of Forests Phone: 225-3817/8 Email address: Forestry@gov.tt or privateforestryfd@gmail.com Website: www.agriculture.gov.tt |
| Forestry Incentive Programme – Taungya Land Clearing | To meet the requirements for this incentive, the farmer is required to grow food/agricultural crop simultaneously with the Forestry Divisions’ establishment of forest trees. This incentive offers payments up to eight hundred dollars ($800.00) per hectare for land clearing. | Forestry Division, Ministry of Agriculture and Fisheries Conservator of Forests Phone: 225-3817/8 Email address: Forestry@gov.tt or privateforestryfd@gmail.com Website: www.agriculture.gov.tt |
| Forestry Incentive Programme – Establishment of Nature Trails | Nature trails recommended by Tourism Trinidad Limited and at least 1 kilometre in length and 2 metres in width are considered under this incentive. Farmers are eligible for a 15% rebate of the costs, up to five hundred dollars ($500.00) per kilometre. | Forestry Division, Ministry of Agriculture and Fisheries Conservator of Forests Phone: 225-3817/8 Email address: Forestry@gov.tt or privateforestryfd@gmail.com Website: www.agriculture.gov.tt |
| Renewable Energy/ Business Rebate for Agriculture | For approved agricultural holdings, a rebate of $25,000.00 will be granted for the implementation of renewable energy, such as solar and wind. | Ministry of Energy and Energy Industries Phone: 225- 4EEI (4334) Email address: info@energy.gov.tt Website: www.energy.gov.tt |
| Energy | ||
| Supplemental Petroleum Tax (SPT) – Sustainability Incentive (Mature Marine/Small Marine Fields) | Discount on the Supplemental Petroleum Tax (SPT) to encourage continued production from mature and small marine oil fields. A 25% discount on Base SPT rates for mature marine (older than 25 years) oilfields or small marine oilfields that has production less than 1500 BBL per day. | Ministry of Energy and Energy Industries Phone: 225- 4EEI (4334) Email address: info@energy.gov.tt Website: www.energy.gov.tt |
| Supplemental Petroleum Tax (SPT) – Investment Tax Credit (ITC) | A tax credit against assessed Supplemental Petroleum Tax (SPT) equivalent to 30% of qualifying capital expenditure is applicable to:
or Acquisition of machinery and plant for use in Enhanced oil recovery projects. | Ministry of Energy and Energy Industries Phone: 225- 4EEI (4334) Email address: info@energy.gov.tt Website: www.energy.gov.tt |
| Capital Expenditure Allowance | Allowance applicable to tangible costs (plant and machinery) and intangible drilling and development costs and computed on a straight-line basis over five years, that is, 20% of costs per year. | Ministry of Energy and Energy Industries Phone: 225- 4EEI (4334) Email address: info@energy.gov.tt Website: www.energy.gov.tt |
| Deep Water Exploration Incentives | Deep Water allowance is granted for capital expenditure on the drilling of exploration wells equal to 140% of such expenditure. | Ministry of Energy and Energy Industries Phone: 225- 4EEI (4334) Email address: info@energy.gov.tt Website: www.energy.gov.tt |
| EV Charging Equipment Duty and Tax Exemption | Full exemption on customs duties and VAT for import of EV charging equipment and accessories. | Ministry of Energy and Energy Industries Phone: 225- 4EEI (4334) Email address: info@energy.gov.tt Website: www.energy.gov.tt |
| Import Duty Exemptions (Energy) | Import Duty Exemptions are granted for “machinery, equipment materials and parts for the manufacture or assembly of Solar Water Heaters”. | Ministry of Energy and Energy Industries Phone: 225- 4EEI (4334) Email address: info@energy.gov.tt Website: www.energy.gov.tt |
| Lower SPT Trigger Threshold for Shallow Water Producers | Raises oil-price threshold before SPT applies for small onshore producers and shallow-marine area producers, providing relief at lower prices. | Ministry of Energy and Energy Industries Phone: 225- 4EEI (4334) Email address: info@energy.gov.tt Website: www.energy.gov.tt |
| Tax Loss Carry-Forward Relief (PPT) | Companies can claim loss relief up to 75% of taxable profits. Any remaining tax losses should be carried forward indefinitely. | Ministry of Energy and Energy Industries Phone: 225- 4EEI (4334) Email address: info@energy.gov.tt Website: www.energy.gov.tt |
| Lower SPT Trigger Threshold for Shallow Water Producers | Raises oil-price threshold before Supplemental Petroleum Tax (SPT) applies for small onshore producers and shallow-marine area producers, providing relief at lower prices. | Ministry of Energy and Energy Industries Phone: 225- 4EEI (4334) Email address: info@energy.gov.tt Website: www.energy.gov.tt |
| VAT Waiver | VAT waiver on new equipment for manufacturing companies utilising alternate energy technologies; renewable energy options, such as gasifiers to use biomass and harnessing renewable energy through wind, solar and water | Ministry of Energy and Energy Industries Phone: 225- 4EEI (4334) Email address: info@energy.gov.tt Website: www.energy.gov.tt |
| 150% Wear and Tear Allowance | A 150% wear and tear allowance of the expenditure incurred on:
or The acquisition of wind turbines and supporting equipment; Solar Photovoltaic Systems and supporting equipment; or Solar Water Heaters. | Inland Revenue Division, Ministry of Finance Phone: 800-TAXX (8299) Email address: support@ird.gov.tt Website: http://ird.gov.tt/ |
