Investor Presentaiton
Corporation Tax
measure
K
Overview of measure
Corporation Tax
Measure-building and housing development
Easier access for the private sector to tax incentives for private building and housing development.
Reduction of approval time for housing and construction incentives to no more than three months.
Increase tax deduction from 15% to 20% of capital expenditure incurred in the construction of
commercial, industrial or multi-family residential buildings completed on or before 31 December 2024.
Commentary
Currently, the approved property development allowance does not cover multi-family residential buildings.
Therefore, we look forward to seeing whether the legislative framework will indeed be extended to cover these
buildings.
In addition to the proposed measures above, the Honourable Minister announced several initiatives that will be
facilitated through the Housing Development Corporation that are geared towards providing affordable housing
for low and middle income population.
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
Let's talk
About PwC
PwC | Trinidad and Tobago 2021 national budget
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