CHAPTER 75:01 - Inland Revenue Division

Corporation Tax Act Mac 1
Vol. 1
(o) profits of the National Insurance Property Development
Company Limited. Gov't. Notice 94 of 1989
(p) profits of the Trinidad and Tobago Bureau of Standards LN 65 of 1991
113 (q) interest payable on bonds known as TTDFC Industrial
Bonds that are issued by the Trinidad and Tobago Development
Finance Company Limited. 54(a) LN 137 of 1992
(qa) With effect from 1st October 1998, interest payable on bonds
issued by the Trinidad and Tobago Mortgage Finance Company
Limited for the purpose of providing loans to first time home
owners. Finance Act 35 of 1998*
114 (r) profits of the Small Business Development Company
Limited - Finance Act, 1993
(s) fifty per cent of the interest earned by a financial institution in a
year of income in respect of a loan to an approved small company
within the meaning of section 16A where the financial institution
keeps separate accounts for such interest to the satisfaction of the
Board and makes an annual statement of such interest to the Board;
115 (sa) interest accruing on loans granted in furtherance of the
University Student (Guarantee Fund) Act, 1994 by financial
institutions listed in the Schedule to that Act.
Corporate Tax (Amendment Act, 1994)
Finance Act 35 of 1998*
(t) fifty per cent of the interest earned by a financial institution in a
year of income in respect of a loan made to a person who carries
on commercial farming on an approved agricultural holding for -
(i) the purchase of self-propelled agricultural equipment,
agricultural tractors, agricultural implements propelled by
draught animals or agricultural devices designed to be
carried by the operator as certified by the Minister;
(ii) the construction of animal pens as certified by the Minister,
where the financial institution keeps separate accounts for such
interest to the satisfaction of the Board and makes an annual
statement of such interest to the Board; Finance Act 1994
113 BIR Note: Effective 2nd June, 1989
* Effective 1 st January 1999
114 BIR Note: Effective 1st January, 1993
115 BIR Note: Effective 1st January, 1993
BIR Mac Edition 91/01 Page 192