On 30 December 2015, a media release was published by Trinidad and Tobago's Ministry of Finance announcing that the implementation of certain measures included in the Budget for 2016 ({News-2015-10-14/P/2- previous coverage}) has been delayed because the needed legislation has not been enacted. The main measure that will be delayed is the reduction in the standard VAT Rate from 15% to 12.5%, which will apply from 1 February 2016 instead of 1 January 2016 as originally proposed. Other key meas…