TT Tax Amnesty Extended

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Trinidad and Tobago’s tax amnesty has been extended to September 30.

This was revealed in a statement by Minister of Finance Colm Imbert on Sunday.

The waiver applies to taxes  due  and  payable  for  the  years up  to and  including  the  year  ending  December 31,  2018  and  the  taxes  are  paid before  or  during  the  period  of  the  Tax  Amnesty, the release stated.

It added, “The waiver also  covers  outstanding  interest  charged  on  any  outstanding  tax  due and  payable  for the  years up  to  December  31,  2018,  where the outstanding  taxes  are  paid before  or  during  the  period  of  the  Tax  Amnesty.”

The waiver on interest includes but is not limited to the following taxes:  income tax, corporation tax, petroleum profits tax, supplemental  petroleum  tax, land  and  building  taxes, green  fund  levy, business  levy tax  on  gambling  devices, stamp  duty, value  added  tax, health  surcharge, hotel  accommodation, tax financial services  tax, insurance  premium  tax and special tax.

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