Effective February 1st 2020, the Inland Revenue Division (IRD), will be introducing a new service that allows VAT and PAYE taxpayers to file their tax returns, on its e-Tax platform, without … more
What is Returns Mail Subscription Service?
This is a new subscription service offered by the Inland Revenue Division (IRD). Electing to subscribe to this service means that IRD will send your VAT … more
The Ministry of Finance issued a press release related to the amendments made to Schedule 2 of the Value Added Tax Act Chap. 75:06, which specifies the items which are zero-rated for VAT. The final … more
TAX INVOICE (ORIGINAL AND COPY) THE INVOICE MUST STATE –
Tax invoice and the tax invoice number
Customer’s name and address
Vat registration number
Vehicle … more
Registered persons who cease trading/dispose of /transfer their business or who are no longer making commercial supplies above the threshold must in writing apply for Cancellation of VAT Registration. … more
Application Form (MVT/VAT Form P24)
Procedure
Application Form (Section A,B) to be duly completed and signed by Applicant
Application Form to be certified and signed by Head of Division … more
Introduction
The facilitation of VAT is to facilitate the taxpayer more
Introduction
The Value Added Tax Act, #37/89 requires most businesses and many organizations in Trinidad and Tobago to:
Register with the VAT Administration Centre.
Collect tax at twelve … more
Intrduction
Where, under a contract of insurance, a person is to receive an amount by way of an indemnity payment the VAT office must state whether or not the insured person is registered for VAT. … more