Tax
From The Report: Trinidad & Tobago 2018
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In conjunction with PwC, OBG explores Trinidad and Tobago’s taxation system, examining a wide range of areas of special interest to international investors, such as income and corporate tax, petroleum profit tax, withholding tax, VAT and customs tax, among others.

This chapter features a viewpoint with Brian Hackett, Territory Senior Partner, PwC Trinidad and Tobago.

Articles from this Chapter

Viewpoint

Waiting on reform: Brian Hackett, Territory Senior Partner, PwC Trinidad and Tobago, on the potential of the T&T Revenue Authority (TTRA)
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Viewpoint: Brian Hackett A sluggish and largely non-diversified economy, coupled with difficulties collecting taxes, has burdened T&T for the last few years. The declines of both hydrocarbon production and prices have severely reduced tax revenues from the energy sector. Receipts from petroleum fell from over TT$20bn ($2.9bn) in 2014 to less than TT$1bn ($148.3m) in 2016. Tax revenues as a whole, meanwhile, dropped from TT$51.6bn ($7.7bn) in 2008 to TT$42.3bn ($6.3bn) in 2015. While the economy…