In Trinidad and Tobago, these are the taxes payable as an entrepreneur:

  • Health Surcharge is payable
    • When the weekly income is more than TT$ 109 the rate is TT$8.25 – ($429 per year or $107.25 per quarter) per person.
    • When the weekly income is less than TT$ 109 the rate is TT$4.80 per week – ($249.60 per year or $62.40 per quarter) per person
  • Business Levy is 0.6% payable on income earned for the year or the quarter,
  • Green Fund Levy is 0.3% payable on income earned for the year or the quarter,
  • Income Tax is 25% payable on profit or
  • Corporations Tax is 30% payable on profit.
  • They are paid every quarter on March 30th, June 30th, September 30th and December 31st.