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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.

Source Orbitax

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