Investor Presentaiton

Valued Added Tax and other Indirect Taxation measure K Measure Overview of measure Removal of import concessions on private motor cars effective 20 October 2020. Commentary As a result of the significant drain on foreign exchange caused by the importation of foreign-used and new motor vehicles, all private motor cars will now attract customs duty, motor vehicle tax and Value Added Tax, with the lowest rates of duty and tax being imposed on hybrid cars, electric cars, CNG cars, and small engine cars below 1,500cc, to encourage their use. Tax concessions will remain in place for commercial and industrial vehicles and public transport vehicles. While this measure is likely to hurt the Motor Vehicle industry which is already struggling, it is an emergency measure which had to be taken in the context of the scarcity in foreign exchange. (*) https://stats.oecd.org/Index.aspx?DataSetCode=REVTTO (#)Value Added Taxation: Mechanism, Design, and Policy Issues, Tuan Minh Le- Paper prepared for the World Bank course on Practical Issues of Tax Policy in Developing Countries. (Washington D.C., April 28-May 1, 2003) 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 50 50

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