Investor Presentaiton
Corporation Tax
measure
K
Overview of measure
Such capital expenditure will include costs associated with the installation of flexi-glass; washing facilities and
provision of personal safety equipment for employees. These unexpected but necessary costs represent an
additional financial burden to companies.
However, the suggested uplift on the expenditure will allow companies to reduce the tax liability with the
resultant effect of increasing the availability of cash flow for investment it may have planned pre-COVID-19.
The Minister could have also considered increasing the allowance on computers and digital equipment to 40%
from 33 1/3% - having regard to his focus on digitalisation and ICT.
We await the legislation to see the particulars of the provisions and if it will provide for the creation of a new
class of pooled assets or whether Class B rates will now be 30% instead of 25%.
What's Inside
2 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
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About PwC
PwC | Trinidad and Tobago 2021 national budget
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