Trinidad and Tobago 2012 - invesTT

A GUIDE TO INVESTING IN TRINIDAD AND TOBAGO (2012)
Section 7
losses. Group relief is available for 100% owned subsidiaries and
parents but the company benefiting from surrendered tax losses
must pay at least 75% of the taxes that would otherwise have been
due.
VENTURE CAPITAL ACT
The Venture Capital Incentive Programme (VCIP) was introduced to
address the lack of equity capital available for small and medium
enterprises by providing investors who invest in Venture Capital
Companies (VCC’s) with a tax credit. Dividends from a venture
capital company are tax-exempt. For more information contact:
The Office of the Administrator
Venture Capital Incentive Programme
36 Pembroke Street,
Port of Spain,
The Republic of Trinidad and Tobago.
Tel. (868) 624-3068
FAX: (868) 624-5693
EMAIL: vcip@carib-link.net
AGRICULTURAL INCENTIVES
The Ministry of Food Production is the authority responsible for the
administration of incentives in the agricultural sector. has designed
a new package of agricultural incentives.
Incentive claims can be made for:
• Vehicles (wheel tractors)
• Machinery and equipment (small machinery, hand tools
includes beekeeping)
• Agro-Processing
• Water for agriculture (wells, dams, ponds).
• Soil conservation.
• Land preparation (agricultural inputs - insecticides, herbicides,
fungicides)
• Crops (citrus, coffee, cocoa, coconut)
• Protected agricultural systems
• Security
• Waste Management
• Integrated pest management
• Aquaculture
• New farmers (youths in agriculture)
• Post harvest and manufacturing
• Marine fisheries
• Soil amelioration
• Livestock (beef, diary, goat and sheep, vitamin/drug
preparations for livestock/poultry).
• Guaranteed prices (cocoa, coffee, rice, rice seed, milk)
Other incentives include Value Added Tax and stamp duty
exemptions on agricultural inputs, marine accessories, boat
equipment.
This incentive programme is expected, among others, to attract
higher levels of investment capital and technology, foster linkages
between primary producing and agro-processing sectors and
enhance the foreign exchange earning capacity of both traditional
and non-traditional sectors.
This set of incentives is only available for registered farmers.
Farmers who wish to be registered would have to address their
request to one of the regional offices of the Ministry of Food
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