- The Special Economic Zones (SEZ) Act, 2022 has been fully proclaimed by the Trinidadian and Tobagonian Ministry of Trade and Industry
- The SEZ regime offers incentives such as a 15 percent corporate tax rate and exemptions on customs duty, VAT, and other taxes
- The SEZ Authority consists of three entities: SEZ Operators, SEZ Enterprises, and Single Zone Enterprises
- Specified enterprises have until Dec. 31 to continue receiving benefits under the Free Zones Act
- There is a six-month transition period for entities to decide on their classification under the new legislation
- The SEZ Act includes a list of specially designated zones
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
