- The deadline for the Tax and National Insurance Amnesty in Trinidad and Tobago is extended to August 2, 2025.
- The amnesty was introduced under the Finance Act, 2024.
- It covers penalties and interest on unpaid taxes incurred up to December 31, 2023.
- Taxes included are individual and corporate income tax, withholding tax, PAYE, VAT, stamp duty, and others.
- Employers registered with the National Insurance Board before October 1, 2024, can have penalties and interest waived on contributions made before that date.
- Penalties and interest will be reinstated if outstanding amounts are not paid by August 2.
Source: globalvatcompliance.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.
