Trinidad and Tobago 2012 - invesTT

Investment Incentives
For further information on accessing TTBizLink, please contact the
MTII as follows:
TTBizLink Head Office,
Level 9,
Nicholas Tower 63-65 Independence Square,
Port of Spain,
The Republic of Trinidad and Tobago.
Tel: 800-4739
Fax: (868) 623-5156
E-mail: ttbizlinkinfo@gov.tt
Website: www.ttbizlink.gov.tt
IMPORT DUTY CONCESSIONS
Benefits
Manufacturing enterprises are allowed certain duty free treatment
based upon the provisions of the Third Schedule of the Customs Act,
Chapter 78:01 (as amended). These concessions are discretionary
and require application to the Ministry of Trade, Industry and
Investment (MTII).
Under the Provisions of the Import Duty Concessions Act, a
company can benefit from duty exemptions on:
(1) Raw materials
(2) Machinery
(3) Equipment
(4) Packaging materials
Eligibility Criteria
The company must:
(1) Be a manufacturing enterprise;
(2) Make a contribution towards the Trinidad and Tobago economy
in terms of employment, linkages, and/or an additional
investment; and
(3) Have a positive local labour weighting and a positive local
value added.
Application Procedure
The application procedure for applying for Import Duty Concessions
is the same as that for Fiscal Incentives and can be done online
through the TTBizLink website/portal at www.ttbizlink.gov.tt.
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Upon receipt of an e-application, an official from the Investment
Directorate of the MTII will review the application and, if necessary,