Investor Presentaiton
Corporation Tax
measure
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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
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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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