Trinidad and Tobago: Tax developments in response to COVID-19
General Information
This page offers an overview of tax developments being reported globally by KPMG member firms in response to the Novel Coronavirus (COVID-19).
The content will be updated on a regular basis. However, due to the fast-moving pace of change, it may not always reflect the most current developments in a given jurisdiction. Please refer to the date of accuracy and refer to the relevant links, under additional information, for original source information.
Date accurate as of: 2 April 2020
The Central Bank of Trinidad and Tobago (CBTT) has confirmed that it will facilitate wire transfers in Trinidad and Tobago dollars for the payment of taxes, to reduce the need for personal contact by taxpayers in response to the coronavirus (COVID-19) pandemic. Wire transfers are already widely used by taxpayers who settle their tax liabilities in foreign currency under an alternative system. The CBTT provided guidelines concerning wire transfers to settle tax liabilities.
Other measures include:
- VAT refunds to be paid to people owned up to $250,000 in March. Payment of VAT Bonds will begin next month.
- The Government to priorities its payment of debt to businesses to facilitate job preservation.
