Trinidad and Tobago's Finance Bill 2016 was passed by the House of Representatives on 12 January 2016 and by the Senate on 16 January 2016. The Finance Bill includes a number of changes ({News-2015-10-14/P/2- previous coverage}), including an increase in the Business levy from 0.2% to 0.6% and the Green fund levy from 0.1% to 0.3%, as well as a reduction in the value added tax (VAT) rate from 15% to 12.5% and an increase in the VAT registration threshold to TDD 500,000. One key measure, the e…