There were 22 results found for Trinidad & Tobago and Taxation

There were 22 results found.

Viewpoint

Angela Lee Loy, Chairman, Aegis Business Solutions: Viewpoint
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Facing twin challenges of low energy prices and a sluggish global economy, Trinidad and Tobago finds itself in a perfect storm. To illustrate the extent of this challenge, revenue from petroleum fell from TT$19.3bn ($2.9bn) in 2014 to TT$1.7bn ($254m) in 2016, resulting in a huge hit to government coffers. While these circumstances are trying, they have highlighted the need to strengthen the…

Chapter

The Report: Trinidad & Tobago 2017: Tax
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This chapter explores aspects of 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, value-added tax and Customs tax, among others. This chapter contains a viewpoint from Angela Lee Loy, Chairman, Aegis Business Solutions.…

Country Report

The Report: Trinidad & Tobago 2017
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The oil and gas industry has historically been Trinidad and Tobago’s primary economic engine, but it has faced challenges in the low-price environment of 2014-16. Strategic decisions are now required across the entire value chain, from incentivising upstream production to improving refinery profitability in the mid-stream and boosting capacity utilisation downstream. After facing pressing short-

CEO Survey Analysis

Do T&T’s Business Leaders See an Upside to Low Energy Prices?

The fall in oil and gas prices has been longer and more pronounced than what nearly all experts anticipated when the decline started in mid-2014. This has had significant impacts on all hydrocarbons-rich countries around the world, and Trinidad and Tobago is no exception. Having over a century of experience in producing oil, however, T&T has ridden out and recovered from the ups and downs of this…

CEO Survey in Figures

Infographic: How Is the Recession Affecting Sentiment among Business Leaders in T&T?

OBG Business Barometer: T&T CEO Survey Copyright (c). All rights reserved. This survey has been designed to assess business sentiment amongst business leaders (Chief Executives of equivalent) and their outlook for the next 12 months. Unlike many surveys, the OBG Business Barometer: T&T CEO Survey is conducted by OBG staff on a face-to-face basis, across the full range of industries,…

Viewpoint

Angela Lee Loy, Chairman, Aegis Business Solutions, on measures to improve tax collection: Viewpoint
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Trinidad and Tobago has been severely affected by the drop in oil and gas prices, as well as a decline in production of both commodities. Although the tax incentives provided to energy projects in recent years are expected to bring about significant economic returns in the near future, these have led to minimal taxes collected from oil companies in 2016. Exploration and drilling activities currently…

Overview

A guide to Trinidad and Tobago's taxation legislation
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Income tax in Trinidad and Tobago is payable for each year of income on all income accruing in or derived from T&T, regardless of whether the individual is resident or not. The year of income is the calendar year and is the basis period for all sources of income except profits from trade, business, profession or vocation, in which case it is the financial year ending in the year of income. The…

Country Report

The Report: Trinidad & Tobago 2016
OBG
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In its March 2016 Economic Bulletin, the Central Bank of T&T stated that after negative growth of 1% in 2014, T&T’s economy contracted by a further 2.1% in 2015, as per provisional data. Meanwhile, government revenue fell by 6.2% in FY 2014/15, with a 35% decline in energy collections outstripping increases in non-energy and capital receipts. Nonetheless, the recessionary environment is

Chapter

The Report: Trinidad & Tobago 2016: Tax
OBG
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In conjunction with Aegis Business Solutions, 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, value-added tax and Customs tax, among others. This chapter features a viewpoint from Angela Lee Loy, Chairman, Aegis Business Solutions.…

Viewpoint

Angela Lee Loy, Chairman, Aegis Business Solutions, on the tax incentives supporting economic diversification
OBG
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In September 2014 the 2014/15 national budget of Trinidad and Tobago was predicted to be TT$60.35bn ($9.3bn) for the fiscal year. This budget was based on the assumption that oil prices would not dip below $80 a barrel. However, they continue to fluctuate and have averaged just below $60 a barrel. The decline brings the need for diversification into a focus today. The government’s diversification…

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There were 22 results found for Trinidad & Tobago and Taxation

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