CHAPTER 75:01 - Inland Revenue Division

Income Tax Act Mac 1
Vol. 1
certificate in the prescribed form from the Minister to the effect that in the
opinion of the Minister the provisions of sections 42 to 45 inclusive, may
properly be so applied
Board to require certificate of exemption
TEMPORARY RESIDENTS
47. Tax shall not be payable in respect of any income arising outside of
Trinidad and Tobago of any person who is in Trinidad and Tobago for
some temporary purpose only and not with any intent to establish his
residence therein and who has not actually resided in Trinidad and Tobago
at one or more times for a period equal in the whole to six months in the
year of income.
Temporary Residents
RATE OF TAX
48. There shall be levied and paid on the chargeable income of every person
tax at the rates set forth in Part I of the Third Schedule.
Rates as per Third Schedule
48A. Deleted Amended/Deleted by Finance Act, 1989
Amended/Deleted by Finance Act, 1989
TAX CREDITS
70 48A. Upon due claim and subject to such evidence as the Board may require,
there shall be allowed against the amount of the tax assessed, in respect of
each year of income for which tax is assessed, any tax credit to which a person
is entitled under this Act, but so that the sum of the tax credits allowed shall
not exceed the amount of the tax assessed. Finance Act, 1989
Certain tax credits to be allowed
71 48B. Deleted Finance Act, 1989
Personal tax credit
Amended by Finance Act 1997
48C. Deleted Spouse tax credit
Amended by Finance Act 1997
48D Deleted
Child tax credit
Amended by Finance Act 1997
48E. Deleted Tax credit for purchase of shares
Amended by Finance Act 1997
70 BIR Note: Effective 1st January 1989
71 BIR Note: Effective 1st January 1989
BIR Mac Edition 91/01 Page 76