Investor Presentaiton
Tax Leader's thoughts (continued)
K
Angelique Bart
Tax & Legal Services Leader
During his presentation, the Finance Minister suggested several proposed measures that he hopes will provide
some stability and stimulation of the national economy and assist the most vulnerable in society via grants and
other enhanced social benefits.
Given the country's declining revenue earnings, part of the challenge that the Minister and the nation faces is
finding additional sustainable revenue sources, particularly new significant streams of foreign exchange inflows,
to offset continued expected softening energy prices, a high import food bill, high subsidies, just to name a few.
In this regard, government's commitment to provide stimulus funding ofTT$500m to the agricultural sector is
laudable, its support for the manufacturing sector via the creation of a special economic zone and other
initiatives will go a long way in boosting this sector and hopefully, enabling this stalwart sector to become a
major foreign exchange earner in due course.
Additionally, the prioritisation and thrust towards digitalisation of the country to inter alia, improve the ease of
doing business will only serve to increase this country's attractiveness. As we try to move towards transitioning
the economic base of the country away from our unsustainable dependence on non-renewable energy, we look
forward to the introduction of additional large-scale initiatives in the area of renewable energy sources which
will augment revenue generation activities and put this country in line to benefit from the strategic imperatives
adopted by many international energy companies such as BPTT in the renewable energy space.
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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