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Trinidad and Tobago Accelerating VAT and Income Tax Refunds in Response to COVID-19

|Approved Changes|Trin & Tobago
Trin & Tobago

Trinidad and Tobago's Ministry of Finance issued a release on 18 March outlining the measures that will be put in place in response to the COVID-19 pandemic. Although tax-related measures are limited, the Government has agreed to support business cash flow (to keep people in jobs) by accelerating the payment of a substantial proportion of outstanding VAT refunds and income tax refunds, and overdue payables, owed by the Government to suppliers and contractors for items such as rent, security,…

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