In keeping with the Ministry of Finance’s ‘VAT Bonds’ initiative, the Board of Inland Revenue (BIR) has today announced that persons registered for VAT, (VAT Registrants) can now … more
In keeping with the Ministry of Finance’s directive to facilitate the payment of Value Added Tax (VAT) Refunds via ‘VAT Bonds’, the Board of Inland Revenue (BIR) wishes to advise … more
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