The Sales Tax Rate in Trinidad And Tobago stands at 12.50 percent. source: Inland Revenue Division

Sales Tax Rate in Trinidad And Tobago averaged 13.21 percent from 2014 until 2020, reaching an all time high of 15 percent in 2015 and a record low of 12.50 percent in 2016. This page provides - Trinidad And Tobago Sales Tax Rate | VAT - actual values, historical data, forecast, chart, statistics, economic calendar and news. Trinidad And Tobago Sales Tax Rate - VAT - values, historical data and charts - was last updated on May of 2021.

Sales Tax Rate in Trinidad And Tobago is expected to reach 12.50 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Trinidad And Tobago Sales Tax Rate - VAT is projected to trend around 12.50 percent in 2021, according to our econometric models.

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Trinidad And Tobago Sales Tax Rate - VAT

Actual Previous Highest Lowest Dates Unit Frequency
12.50 12.50 15.00 12.50 2014 - 2020 percent Yearly

Trinidad And Tobago Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 30.00 30.00 30.00 25.00 percent [+]
Personal Income Tax Rate 25.00 25.00 25.00 25.00 percent [+]
Sales Tax Rate 12.50 12.50 15.00 12.50 percent [+]


Trinidad And Tobago Sales Tax Rate - VAT
In Trinidad And Tobago, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the highest rate. Revenues from the Sales Tax Rate are an important source of income for the government of Trinidad And Tobago.