On 8 September 2014, the Trinidad and Tobago 2014/2015 Budget was presented to parliament by the Minister of Finance.
Key measures of the budget include:
- Tax amnesty will be provided for tax penalties and interest for late filing of returns and late payment of income tax, corporation tax and VAT, as well as business levy and environmental levy for years of income up to 2013 if taxpayers come into compliance by 31 March 2015
- Penalties will be waived for failure to file corporation documents …