Investor Presentaiton

Budget overview K We have sought to provide some other high-level commentary below around key and specific areas presented in the budget document. Digitisation T&T has a long history of advancing the Information and Communications Technology (ICT) agenda across Government with no shortage of plans, frameworks, roadmaps, agencies and committees formed to develop and execute the agenda in the past few decades. The push towards digitalisation has been more aggressive with the onset of the Covid-19 pandemic which saw the unprecedented need for companies to shift their focus from gradually embracing digital tools to embracing digital solutions and tools as a survival strategy. Arguably, digitalisation presents the best option for companies to withstand the shocks posed during volatile times of a pandemic combined with the general economic sluggishness caused by a decline in the major oil and gas economies. We applaud the proposed measures for the digitalisation of the country and in particular, we noted the thrust to support tech start-ups as well as the recent passage of some Fintech legislation endorsed by the Joint Regulatory Bodies. This is the first of many important steps in attaining digitisation goals. Further, the Tax Authority and other state agencies have introduced a number of digital platforms which have eased the way of transacting business with them. From e-filings to online payments and these are welcomed initiatives. The right digital infrastructure will present additional opportunities for Trinidad and Tobago to brand itself as the digital hub of the Caribbean. This is an opportunity which many of our CARICOM neighbours have already taken significant steps towards exploring. In addition, increased opportunities for foreign direct investment may add another layer of appeal for our tourism marketing. What's Inside 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 11

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