The Trinidad and Tobago Ministry of Finance has published Finance Act No. 15 of 2017, which was approved by parliament on 19 December 2017. The Finance Act provides for the implementation of certain measures announced as part of the Budget Statement for 2018 ({News-2017-10-04/P/4-previous coverage}). The main measures are in relation to the corporate tax rate, and include:
- An increase in the base corporate tax rate from 25% to 30% effective 1 January 2018 (harmonized with the increased rate …