Caribbean & Atlantic
Trinidad and Tobago: tax at a glance
Income tax of 25%, rising to 30% above TTD 1m, a 30% corporate tax rate (35% for banks and large firms) and a 12.5% VAT.
Worldwide (residence-based)
Last verified
The taxes
- Personal income (top)
- 30%25% up to TTD 1,084,000, and 30% above that.
- Corporate income
- 30%
- Capital gains
- None. Gains on assets sold within 12 months are taxed as income.
- VAT
- 12.5%
- Dividends (WHT)
- 10%
- Interest (WHT)
- 15%
- Royalties (WHT)
- 15%
- Social security (employee)
- Roughly 4.4%, covering NIS.
- Social security (employer)
- Roughly 8.8%, covering NIS.
- Wealth tax
- None
- Inheritance / estate
- None
- Property tax
- Property tax is back on the books. For residential property it runs to roughly 3% of the annual rental value.
- Other
- A fixed weekly health surcharge, plus a business levy and a green fund levy on companies.
How the system works
- Tax system
- Worldwide (residence-based)
- Foreign income
- Taxed (worldwide)
- Taxes by citizenship
- No
- Exit tax
- No
- CFC rules
- No
- CRS
- Participating
The rates below are indicative headline figures (top marginal, standard, and headline rates), reviewed 2026-07. Brackets, surcharges, and state, provincial or cantonal taxes vary. Treat this as a reference map, not advice.