Investor Presentaiton

Valued Added Tax and other Indirect Taxation measure K Measure Overview of measure Imposition of VAT on "luxury food items" such as grapes, apples, strawberry, lobster etc. Commentary Experts concur on the position that part of the efficiency of a VAT system rests on the premise that there is a wide VAT base. While over the years the local regime has gone through a series of adjustments to the zero-rating schedule in particular, the Government is intimating its intention to restore it to its core concept. It does not appear that the zero-rated schedule will undergo a major overhaul at this time, but food items branded as "luxury" items will become standard-rated from 1 January 2021. For those items that are "true" luxury items such as escargot, champagne and lobster, the change in rate may not have a significant impact on consumption given the clientele that consumes these items. However, for items like apples which are likely part of most households' food basket, the impact is likely to be felt on most customers. This having being said, this may be countered by the social relief measures granted by the Government. 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 48

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