On 2 October 2017, Trinidad and Tobago's Minister of Finance Colm Imbert presented the Budget Statement for 2018 to parliament. The main tax-related measures of the Budget Statement include:
- Establishing a new Revenue Authority in 2018 that will bring together into one entity the Customs and Tax Administration;
- Increasing the base corporate tax rate from 25% to 30% effective 1 January 2018 (harmonizing with the increased rate of 30% for companies with chargeable profits in excess of TTD 1.0 …