Trinidad and Tobago Extends Tax Amnesty Period by a Further Two Months

Trinidad and Tobago’s Finance Minister, Colm Imbert, has extended the tax amnesty period until August 31, 2023.
The amnesty, which was initially launched on November 14, 2022, provides relief from penalties and interest on taxes owed up to December 31, 2021.
The extension was made due to the Public Procurement and Disposal of Public Property Act, which requires suppliers and contractors to public bodies to have fulfilled their tax obligations.
Small and medium enterprises affected by Covid-19 in 2020 and 2021 now have more time to pay outstanding taxes and contributions and pre-qualify for the supply of goods and services to public bodies.