Investor Presentaiton

Valued Added Tax and other Indirect Taxation measure K Overview of measure The VAT regime offers tools which can assist in both areas. The removal of VAT on certain items (provided the VAT savings are passed on to the customers) are expected to provide an element of relief to the purchasers of the goods in question, businesses and households alike, by creating an immediate cash saving. It should be noted though that many International VAT pundits are generally of the opinion that equity considerations to provide relief to the public at large are better addressed outside of the VAT regime through pro-vulnerable one programmes and expenditures, mainly because a VAT rate reduction applies to all, and not only those who need it the most. (# see World Bank Report) This principle however cannot always be respected and it has to be balanced in this instance by the fact that immediate relief is critical in this time of crisis and that this measure not only alleviates the administrative and logistical burden of reaching all vulnerable ones in our society in a timely basis, but also takes into account the fact that the Government already provides a significant amount of subsidies to the population (for water and electricity rates, gas subsidies, numerous social programmes, salary relief grant, etc.). 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 Let's talk About PwC PwC | Trinidad and Tobago 2021 national budget 46 46

View entire presentation