Government of the Republic of Trinidad and Tobago

MINISTRY OF FINANCE

FacebookX-twitterInstagramYoutube
Government of the Republic of Trinidad and Tobago

MINISTRY OF FINANCE

FacebookX-twitterInstagramYoutube

Media Release: Government improves its wage increase offer to UWI

The Minister of Finance, Hon. Colm Imbert, MP, wishes to advise that the Government has given the UWI Administration, which is the Employer of the Academic Staff at UWI, and has the responsibility to negotiate collective agreements with the West Indies Group of University Teachers (WIGUT), an improved offer for a wage increase for the […]

Media Release – Value Added Tax (VAT) Bonds Application Forms are available Online

In keeping with the Ministry of Finance’s 2025 ‘VAT Bonds’ initiative, the Board of Inland Revenue (BIR) has announced that persons registered for VAT (“VAT Registrants”) can now apply for the payment of outstanding VAT refunds, via VAT Bonds. The BIR further advises that the VAT Bonds would be issued on a first come, first […]

Media Release – Cash Flow, not Bureaucracy, at the Core of VAT Refunds delay

The Minister of Finance notes concerns raised by the Daily Express in its editorial “Drowning in VAT bureaucracy” centred around the “tardiness in repaying VAT to companies” and wishes to address the issues raised.Cash flow constraints have resulted in a 1-month delay in completing this exercise, not bureaucracy.

Media Release: Moody’s affirms Trinidad and Tobago’s Ba2 rating with Stable Outlook

On December 16, 2024, Moody’s affirmed Trinidad and Tobago’s rating at Ba2 with a Stable outlook. This affirmation is underpinned by the country’s return to sustained growth, primarily driven by the non-energy sector.Despite lower-than-projected energy revenues in fiscal year 2024, which have increased the fiscal deficit to 4.8% of GDP from 1.7% in fiscal year […]