Trinidad and Tobago's Ministry of Finance has issued a notice on fiscal measures of the Budget 2020 that are effective from 1 January 2020. These include:
- A reduction in carried forward loss relief to 75% of taxable profit per year for energy (petroleum/natural gas) exploration companies (down from 100%);
- An increase in the investment tax credit for energy companies from 20% to 25% for:
- approved development activity in mature marine oil fields;
- approved development activity in mature land o…