- Trinidad and Tobago proposes to extend 12.5% VAT to digital services supplied by non-resident providers to persons in T&T, reversing the current position that such supplies fall outside the VAT net.
- A simplified electronic VAT registration regime will be introduced for non-resident suppliers, including those providing taxable services connected with real property in T&T, so they can register, collect, and remit VAT.
- The exact scope of covered services is not yet defined, but likely includes digital content, subscriptions, cloud services, web hosting, online advertising, and related charges.
- A reverse-charge approach for imported services, especially B2B transactions, is being considered as an alternative or supplement, though the proposed regime currently places the compliance burden on non-resident suppliers.
Source: ey.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.
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