For many years, Trinidad and Tobago has maintained a flat tax rate of 25%. This has since changed following the 2016/17 National Budget, which was introduced in September 2016. Effective January 1, 2017, individuals and companies whose chargeable income is in excess of TT$1m ($149,000) will be charged at a tiered rate. The progressive tax...
Like much of the English-speaking Caribbean, Trinidad and Tobago’s health care system takes inspiration from the UK’s National Health Service. Funded by the national budget, the system provides universal coverage at primary, secondary and tertiary levels, with the Ministry of Health (MoH) responsible for planning, monitoring and evaluating the...
What are the country’s competitive advantages in tourism over its Caribbean neighbours?
Traditionally a sector of secondary importance in Trinidad and Tobago (T&T), tourism is emerging as a development priority following a sharp decline in oil and gas revenues, historically the backbone of the economy. Since taking office in September 2015, prime minister Keith Rowley has designated tourism a key pillar of the national...
In 2016 news of a proposed Sandals International Resort for Tobago made headlines in the Caribbean, becoming the main talking point of Trinidad and Tobago’s tourism sector that year. The potential arrival of the international hotel chain, which already owns 24 vacation properties in seven Caribbean islands, promises to be a game changer for...
Successive governments in Trinidad and Tobago have placed a high emphasis on education, and many of the profits derived from the country’s flourishing hydrocarbons sector have been channelled towards the development of schools and funding of tertiary education. The education system, despite at times eliciting criticism for its competitive...
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