VAT rates in Trinidad and Tobago

Quick overview

Standard Rate	Reduced Rate	Other Rates
12.5%	N/A	Zero-rated (0%) and exempt

The local name for VAT in Trinidad and Tobago is HERE.

There is basically 1 VAT rate in Trinidad and Tobago :

• Standard VAT rate is 12.5%

Recent developments

For more information about (recent) rate change developments in Trinidad and Tobago , please click HERE.

Standard rate: 12.5%

This rate applies for all transactions that take place in Trinidad and Tobago , unless an exception applies (such as a reduced rate, the zero rate or an exemption, or a reason to treat the transaction as outside scope of VAT).

Zero rate (0%)

• Exported goods
• Medicines
• Water and sewerage services supplied by a public authority

Exempt supplies of goods and services, without the right to deduct VAT

• Financial services
• Medical services
• Residential property rentals
• Real estate brokerage
• Public postal services
• Prescribed bus and taxi services
• Betting and gaming

A global VAT/GST rate overview can be found here (note this is a work in progress).

This post was last updated on November 10, 2021.

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