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The Income tax rates and personal allowances in Trinidad And Tobago are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Trinidad And Tobago Tax Calculator 2019.
| Tax Rate | Taxable Income Threshold | ||
|---|---|---|---|
| 25% | Income from $ 0.000.00 | to | $ 1,000,000.00 |
| 30% | Income from $ 1,000,000.01 | and above | |
| Tax Rate | Taxable Income Threshold | ||
|---|---|---|---|
| 25% | Income from $ 0.000.00 | to | $ 1,000,000.00 |
| 30% | Income from $ 1,000,000.01 | and above | |
Taxes, including personal income tax, expenses and limitations are reviewed by the Government in Trinidad And Tobago periodically and typically updated each year. Not that not all tax rates and thresholds in Trinidad And Tobago change annually, alterations to tax policy to support strategic economic growth in Trinidad And Tobago mean that the certain areas may be focused on to provide specific tax relief in Trinidad And Tobago or support growth in certain areas (overseas invstment in Trinidad And Tobago for example may mean reduced non-resident income tax rates in Trinidad And Tobago for a period).
When tax policy in Trinidad And Tobago changes, the resultant tax tables also change. Tax tables in Trinidad And Tobago are simply a list of the relevent tax rates, fixed amounts and / or threholds used in the computation of tax in Trinidad And Tobago, the Trinidad And Tobago tax tables also include specific notes and guidance on the validity of scenarios (for example, qualifying criterea for specific tax relief / allowances) and notes of the calculation of phaseout of specific tax elements within each taxation group (dividends and corporation tax thresholds in Trinidad And Tobago for example).
Trinidad And Tobago Tax Tables may also be referred to as Trinidad And Tobago Tax Slabs, Trinidad And Tobago personal allowances and tax thresholds or Trinidad And Tobago business tax rates. They all refer to the tax tables, whether in whole or as specific sections/categories of the tax tables therein. In the section, we publish all 2019 tax rates and thresholds used within the 2019 Trinidad And Tobago Salary Calculator. This means that if you are aware of a 2019 tax exemption or 2019 tax allowance in Trinidad And Tobago that you are entitled too BUT it isn't listed here, that we don't allow for it in this version of the Trinidad And Tobago Salary Calculator. This is simply because we updated our tax calculators based on user feedback, we tailor the Trinidad And Tobago Salary Calculator to suit our users needs. Our aim is to keep tax calculations in Trinidad And Tobago simple, we achieve this my making the Trinidad And Tobago tax calculators relevent to our community's needs, this includes you. So, if you would like a new 2019 tax rates, allowance or threshold adding (or perhaps updating), or if you notice an error in our 2019 tax calculations, simply contact us and we will adjust the tool.
Choose a specific income tax year to see the Trinidad And Tobago income tax rates and personal allowances used in the associated income tax calculator for the same tax year.