Investor Presentaiton

Corporation Tax measure K Overview of measure Measure - Small and medium-sized enterprises To encourage small and medium-sized enterprises (SMEs) to access capital markets to raise financing, the Minister is proposing to extend the reduction in the corporation tax rate by amending the Corporation Tax Act to allow for the following: an increase in the incentive period from five years to ten years; a full tax holiday for the first five (5) years following listing on the Trinidad and Tobago Stock Exchange instead of the current reduced corporation tax rate of 10%; and a 50% tax holiday for the next five (5) years following listing on the TTSE. These measures will take effect on 1 January 2021. Commentary This measure targets SMEs which traditionally opt not to raise capital through equity financing and large investors/funds via venture capital have not actively sought to make investments in companies such as these. When this measure was first introduced, there was little optimism of its success. 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 40

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