Trinidad and Tobago

Paying Taxes in

Trinidad and Tobago

Below is a detailed summary of the taxes and mandatory contributions that a medium-size company must pay or withhold in a given year, as well as measures of administrative burden in paying taxes.

This information was collected as part of the Doing Business project, which measures and compares regulations relevant to the life cycle of a small- to medium-sized domestic business in 189 economies. The most recent round of data collection was completed in December 2012.

Compare Trinidad and Tobago to 188 other economies.

Tax or mandatory contribution Payments (number) Notes on Payments Time (hours) Statutory tax rate Tax base Total tax rate (% profit) Notes on TTR
Corporate income tax 4 45 25% taxable profit 21.6
Social Security Contributions 12 75 various rates gross salaries 5.1
Environmental tax 4 0.1% turnover and interest 1.8
Health insurance contributions 12 TTD 8.52 per employee per week 0.6
Value added tax (VAT) 6 90 15% value added .. not included
Stamp duty 1 varies .. small amount
Totals: 39 210 29.1

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