Investor Presentaiton

Personal Income Tax measure K Overview of measure In addition, the Government should consider whether incentives should be made available to support employers so that they can retain their pre-Covid 19 staffing and wage levels and ultimately, reduce the risk of significant furloughed and / or terminated employees. As the Government would be aware, a reduction in the overall employee earning levels directly results in an erosion of the taxable base for the economy. These incentives should be balanced against the risk of moral hazard; whereby employers intentionally retain economic inefficiencies, comforted by the open purse of the taxpayer. Among the potential incentives that may be considered: 1. 2. 3. Removal of tax on all BIKS connected with the setting up of a home office Home office allowance for all expenses incurred by employers to assist employees to set up their home offices Two to three years tax holiday for all companies whose gross income is less than TT$1m and who maintain for the said period a staff pool of more than 50 employees. What's Inside 2 Click to Navigate Territory Leader's message Tax Leader's thoughts Budget overview Budget fundamentals - 2021 Historical economic data Energy and energy related tax regime Corporation tax Value Added Tax & other indirect taxation Personal Income tax Stamp Duty Summary of other measures Let's talk About PwC PwC | Trinidad and Tobago 2021 national budget 53 33

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