Trinidad and Tobago 2012 - invesTT

A GUIDE TO INVESTING IN TRINIDAD AND TOBAGO (2012)
Section 11
• Services provided by non-resident person to an approved
free zone company carrying on an approved activity in a free
zone.
Zero-rated supplies or services include:
How to Register for VAT from page 123
registration number that must be stated on all VAT invoices issued.
Some items are either exempt or zero-rated from VAT.
Activities include:
• Medical, dental, hospital, optical and paramedical services
other than veterinary services
• Training and education in a public school or a private school
registered under the Education Act
• Certain bus and taxi services
• Financial services
• Real Estate brokerage
• Public postal services
• Rental of residential property
• Betting, gambling and lotteries
• Basic foodstuff (cheddar cheese, corned beef, curry, fresh
butter, macaroni, peanut butter, salt, salted butter, sardines,
smoked herring, toilet paper, yeast, baking powder, rice, flour,
bread, milk, unprocessed foods)
• Prescription drugs
• Exports
• Books
• Agricultural equipment and animal feeds
• Repairs to yachts, aeroplanes and ships
• International freight and ancillary charges
• Domestic travel between Trinidad and Tobago
• Range of healthcare items such as artificial joints, limbs and
hearing aids
• Computer hardware, software and accessories
• Goods supplied to an approved free zone destination
• Veterinary services
Land and Building Taxes
This is a levy based on the assessed value of property at the rate
of 7.5%. The assessed value is either 6% of the capital value or
the annual rental value. Undeveloped land is taxed at $20.00 per
acre. Since January 2010, there was a revised property tax regime
adopting the rental appraisal method of valuation. Residential,
commercial and agricultural properties will be taxed at 3%, 5% and
1% respectively. Industrial properties will be taxed at 6% of the
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