CHAPTER 75:01 - Inland Revenue Division

61. In this Part - Interpretation
“Board” means the Board of the Green Fund Agency;
“business levy” means the tax levied and paid by a company to the Board of Inland
Revenue under section 3A of the Corporation Tax Act;
“company” means a body corporate or an unincorporated association and includes a
partnership;
“financial year” has the meaning assigned to it in section 3 of the Constitution;
“fund” means the Fund established under section 65 of this Part;
“Minister” means the Minister to whom responsibility for the environment is
assigned.
62. (1) With effect from 1 st January, 2001, there shall be levied and paid to the Board of
Inland Revenue a tax at the rate of 0.1 per cent to be known as a Green Fund levy on
the gross sales or receipts of a company carrying on business in Trinidad and Tobago,
whether or not such busines is exempt from the business levy.
Green Fund levy
(2) The Green Fund levy shall be payable on the gross sales or receipts of a company in
each quarter ending on 31 st March, 30 th June, 30 th September, and 31 st December, in
each year of income and the provisions of section 79 of the Income Tax Act shall
apply mutatis muntandis to this subsection. Chap. 75:01
(3) The provisions of section 3A(6), (7), (8), (9) and (10) of the Corporation Tax Act
relating to the business levy shall apply mutatis mutandis in relation to the Green Fund
levy but with the necessary modifications and adaptations.
(4) The Board of Inland Revenue shall, in respect of the collection and recovery of the
Green Fund levy, have all the powers as it has in relation to income tax under the
Income Tax Act.
158 Effective 1 st January 2001
Miscellaneous Taxes Act
63. The Board of Inland Revenue shall, within fourteen days from the end of each quarter,
remit to the Green Fund the tax paid to it under this Part.
Payment to Fund
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