Investor Presentaiton
Personal Income Tax
measure
K
Measure
Overview of measure
Increase of Personal Allowance threshold from $72,000 to $84,000.
Commentary
Against the background of a global pandemic and general economic hardship experienced by the population at
large caused by this pandemic as well as other global and local factors, this measure will redound to the benefit
of many low- and medium-income earners. By placing more disposable income in the hands of these persons
will likely bring about relief from some of the economic burdens faced by low income earners. Ultimately, this
initiative is likely to stimulate economic activity as did the last increase in personal allowance from TT$60,000 to
TT$72,000.
The Government is therefore commended for this bold step. However, there is arguably a greater need for
incentives that will ultimately be geared toward protection against job loss and maintaining the employment
status quo in the current climate.
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
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