Trinidad and Tobago MOF Issues Notice on Process, Deadline for VAT Bond Applications

The Trinidadian and Tobagonian Ministry of Finance Jan. 27 issued a notice regarding the application process for VAT bonds. The notice includes that: 1) VAT bonds for unpaid VAT refunds are available on a first-come, first-serve basis, with an effective date of Jan. 31, a fixed interest rate of 4.01 percent per year, and a three-year maturity; 2) a six-month moratorium on cashing or transferring the bonds applies to companies in the energy sector that are zero-rated; 3) only registrants owed refunds exceeding 250,000 Trinidadian Tobagan dollars (US$36,876) are eligible for VAT bonds, smaller refunds will be paid in cash; ...