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Trinidad And Tobago To Field VAT Questions

by Mike Godfrey, Tax-News.com, Washington

05 February 2016


A value-added tax hotline has been set up by the Consumer Affairs Division of Trinidad's Ministry of Trade and Industry.

The VAT hotline is intended to help consumers understand the substantial changes to the territory's VAT regime that became effective on February 1.

From February 1, the Caribbean territory's headline VAT rate was cut from 15 percent to 12.5 percent and the list of zero rated or exempt goods was revised. The territory also raised the VAT registration threshold from TTD360,000 to TTD500,000 (USD77,350).

TAGS: VAT rates | VAT tax authority guidance | tax | value added tax (VAT) | Trinidad and Tobago | tax authority

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