Trinidad and Tobago 2017 Budget Statement Presented including New 30% Tax Bracket

On 5 October 2016, Trinidad and Tobago's Minister of Finance Colm Imbert presented the Budget Statement for 2017 to parliament. Main measures of the Budget Statement include:

• The development of specific policy and legislation to govern transfer pricing (expected effective date not specified);
• The full implementation of property tax collection in 2017 based on The Property Tax Act 2009, with minor amendments to the Valuation of Land Act;
• The introduction of a new tax bracket of 30% on the cha…