Investor Presentaiton
Territory Leader's message
K
Brian Hackett
Territory Leader
We are pleased to present our annual Budget Memorandum entitled Recover and Reset - 2020 and
beyond in response to the 2020/2021 National Budget presented in Parliament by the Honourable Colm
Imbert, Minister of Finance on 5 October 2020.
Fiscal prudence and economic stability have been consistently articulated themes of the PNM Administration.
Whilst bold action to rebalance our economy is undoubtedly required, we wholeheartedly agree that fiscal
discipline and sacrifice, by all, are required. Moreso, as we seek to navigate through, and out of the global
pandemic, this sacrifice will be paramount. In this regard, the impact of the Coronavirus Disease 2019
(COVID-19) global pandemic on the current and preceding fiscal years cannot be overstated and arguably, the
one certainty which is likely to remain constant in the medium term is the level of economic uncertainty.
We applaud the firm decisions taken by the Government to take some initial concrete steps to restructure the
state sector, reset the economy and curtail expenditure both at the public and private sector levels. In particular,
we applaud the removal of the imposition of fixed retail margins for all liquid petroleum products for petroleum
retailers and dealers. Additionally, gas stations owned by the Trinidad and Tobago National Petroleum
Marketing Co. (NP) will now be offered for sale to the private sector with first preference to be given to existing
dealers and concessionaires.
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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