Investor Presentaiton
Tax Leader's thoughts
K
Angelique Bart
Tax & Legal Services Leader
The impact of shrinking global demand for commodities, including oil and gas, and the supply chain disruptions
in the movement of people and assets (replacement parts, equipment, manufacturing inputs, retail products
etc.) have all added to a local and global environment of uncertainty. These disruptions are compounded by
global recessions, shutting down of businesses, stagnation of industries such as downstream energy and
growing unemployment rates. As a country, we find ourselves in unprecedented circumstances. The choices we
make now will impact recovery and the resetting of the once buoyant economy and these matters will affect
generations to come.
As both corporate and individual citizens of Trinidad and Tobago assess and analyse the disruptive impact of
the COVID-19 pandemic on the local and global economies, most if not all, will have to re-prioritise their short
to mid-term plans. An important focus will be sustaining liquidity, with a view to meeting existing financial
commitments, including tax compliance burdens. Now more than ever, effective and efficient tax planning is
essential to managing cash outflows by taking full advantage of all tax credits and allowances permissible
under law. Also required is efficiently managing advance tax payments (e.g. quarterly tax payments) with a view
of ensuring that they are meticulously and precisely computed as required under the tax legislation, to avoid
overpayments which may exacerbate cash flows and create a refund position.
What's Inside
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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
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About PwC
PwC | Trinidad and Tobago 2021 national budget
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