Investor Presentaiton

Source: Ministry of Finance RENEWABLE ENERGY INCENTIVES National Energy CORPORATION OF TRINIDAD AND TOBAGO Incentive Import Duty Exemptions Zero-Rated Vat Tax Credit for Solar Water Heaters Description Import Duty Exemptions are granted for "machinery, equipment materials and parts for the manufacture or assembly of Solar Water Heaters". Zero-Rated Vat granted for complete Solar Water Heaters, solar PV systems and wind turbines. Tax Credit for Solar Water Heaters: Where an individual, in a year of income commencing 1st January, 2011, purchases solar water heating equipment for household use, that individual shall be entitled to a tax credit of 25% of the cost of the solar water heating equipment, up to a maximum of TT $10,000 (maximum tax credit of TT $2500.00) Act Valued Added Tax Act Income Tax Act N 150% Wear and Tear A 150% wear and tear allowance of the expenditure incurred on: Allowance Customs and Excise Duty Exemptions 1. The acquisition of plant, machinery, parts, and materials for use in the manufacture of Solar Water Heaters; or 2. The acquisition of: wind turbines and supporting equipment; solar photovoltaic systems and supporting equipment; or Solar Water Heaters. According to the Act, several items "will be allowed for importation free of customs and excise duties as long as they are not manufactured in the desired quantities and quality in Trinidad and Tobago." The list of items includes "environmentally-friendly and/or energy- saving devices such as solar panels, heating equipment. Finance Act No. 13 of 2010 Trinidad and Tobago Tourism Development Act, 2000 13

View entire presentation