The Middle East has traditionally been an attractive region from a tax perspective. According to the PwC and World Bank “Paying Taxes 2016” study, Qatar is ranked first in the world in terms of ease of paying taxes. With the pronounced decline in oil prices impacting both the public and private sectors, new reforms, including changes to...
This chapter contains an overview of the tax framework in which local and foreign investors operate in Qatar, including a rundown of the tax rules that apply to businesses and how moves to widen the tax base are likely to affect future policy.
This chapter contains a viewpoint from Wadih AbouNasr, Country Senior Partner, PwC Qatar.
Income tax in Trinidad and Tobago is payable for each year of income on all income accruing in or derived from T&T, regardless of whether the individual is resident or not. The year of income is the calendar year and is the basis period for all sources of income except profits from trade, business, profession or vocation, in which case it...
Trinidad and Tobago has been severely affected by the drop in oil and gas prices, as well as a decline in production of both commodities. Although the tax incentives provided to energy projects in recent years are expected to bring about significant economic returns in the near future, these have led to minimal taxes collected from oil...
In conjunction with Aegis Business Solutions, OBG explores Trinidad and Tobago’s taxation system, examining a wide range of areas of special interest to international investors, such as income and corporate tax, petroleum profit tax, withholding tax, value-added tax and Customs tax, among others.
This chapter features a viewpoint from Angela Lee Loy, Chairman, Aegis Business...
Although low oil and gas prices in 2015 had a negative economic effect on the Trinidad and Tobago, the current government is pursuing a series of reforms aimed at both strengthening the important energy sector and diversifying the wider economy.
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