CHAPTER 75:01 - Inland Revenue Division

Income Tax Act Mac 1
Vol. 1
16 (t) annuity or other periodic sum payable under an immediate
annuity purchased on or after 1st January, 1994 by an individual
who -
(i) is a resident of Trinidad and Tobago; and
(ii) has attained the age of sixty years: Finance Act 1994
17 (u) dividends payable by a venture capital company to its
shareholders who are ordinarily resident in Trinidad and Tobago.
(ua) dividends paid by the Export Import Bank to its shareholders
who are ordinarily resident in Trinidad and Tobago for a period of
ten years commencing from the date of the initial investment; Act 36 of 2000*
(ub) dividends paid by the Export Import Bank to its shareholders
who are not ordinarily resident in Trinidad and Tobago for a period
of ten years commencing from the date of initial investment;
2000*
Act 36 of
18 (v) the amount or value of the dividends or other distributions paid
to a resident individual - Finance Act 1995
Finance Act 1996
(i) by a trust operated by a financial institution carrying on unit
trust business and licensed under the Financial Institutions
Act 1993 where the profits of the trust are exempt from
corporation tax;
(ii) under the First and Second Unit Schemes of the Trinidad and
Tobago Unit Trust Corporation established by the Unit Trust
Corporation of Trinidad and Tobago Act;
19 (w) the amount or value of distributions, other than preference
dividends, paid by a resident company to a resident individual. Finance Act 1996
G.N.212 of 1989
(x) on the death of a person, a lump sum death benefit paid under
his employer’s pension plan. Finance Act 35 of 1998
With effect from 1/1/99
15 BIR Note: Effective 1st January 1994
16 BIR Note: Effective 1st January 1994
17 BIR Note: Effective 17th June, 1996
18 BIR Note: Deleted 1st December 1994 and substituted. Effective 1st January, 1995
Deleted Finance Act 1996 and substituted Effective 8th May, 1996
* Effective 25 th September 2000
19 BIR Note: Effective 8th May, 1996
BIR Mac Edition 91/01 Page 17