Trinidad and Tobago's Ministry of Finance has published the Budget Statement 2023, which was presented in the House of Representatives on 26 September 2022. The main tax measures of the budget include:
- An increase in the personal income tax exemption limit from TTD 84,000 to TTD 90,000 per year with effect from 1 January 2023;
- An increase in the VAT registration threshold from TTD 500,000 to TTD 600,000 with effect from 1 January 2023
- The introduction of a rebate of up to TTD 25,000 for the…