Trinidad and Tobago Ministry of Trade and Industry Issues Guidance on Tax Incentives for Companies

The Trinidadian and Tobagonian Ministry of Trade and Industry Sept. 6 issued guidance on various tax incentives and benefits for qualifying companies. The guidance explains that: 1) approved manufacturing enterprises with capital investments exceeding 50 million Trinidad and Tobago dollars (US$7.4 million) are eligible for fiscal incentives, including VAT and income tax exemptions on dividends earned from approved product manufacturing during the tax holiday period; 2) companies engaged in constructing, renting, or selling qualifying commercial buildings or multi-story car parks on or after Oct. 1, 2012, are exempt from income tax on related premiums, rents, gains, or profits until Dec. ...