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Investor Presentaiton

Corporation Tax measure K Overview of measure For instance, under the current tax framework, no significant measures are geared towards encouraging and promoting digital transformation and use of digital solutions. While the Government has recognised the importance of digitalisation and its role in diversification of the economy, as stated in its National ICT Plan ICT Blueprint 2018 – 2022, it is now taking bold tangible steps to support this agenda. Thus, the measures announced by the Minister are a clear acknowledgement of the need to further implement measures that will support the promotion of digitalisation. In addition to the proposed measures, the creation of a dedicated Ministerial portfolio among many other planned initiatives by the government means that Trinidad and Tobago citizens must start planning for, and adopting the new ways of engaging with government services. The teething problems are likely as we note with the systemic impact remote schooling has had; requiring not just availability of online services but availability of devices and reliable broadband across the islands as well as significant change in the roles and responsibilities among the parents, teachers and students. Further, while these measures are welcomed and will go a long way to promote digital transformation in the economy, they must be supported by a comprehensive and fully enacted legislative infrastructure as well as a holistic taxation approach that would balance both the promotion of the digital transformation and, at the same time, contribute to the government coffers and ultimately economic development 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 43
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