Tax Amnesty 2021

Act No. 10 of 2021, provides for a Tax Amnesty for the period 5^th July 2021 to 17^th September, 2021. This facility allows for the waiver of penalties and interest charges payable by taxpayers on outstanding tax liabilities in relation to taxes under the revenue laws.

Waiver Of Interest

The Act provides for the waiver of:

• Interest on any outstanding taxes, where they are due and payable for the years up to and including the year ending 31^st December, 2020 and that the taxes are paid during the period of the Tax Amnesty.
• Outstanding interest charged on any outstanding tax due and payable for the years up to 31^st December, 2020, where the outstanding taxes are paid during the period of the Tax Amnesty.
• Interest on any outstanding taxes, where they are due and payable for the period 1^st January, 2021 to 31^st May, 2021 and that the taxes are paid during the period of the Tax Amnesty.
• Outstanding interest charged on any outstanding tax due and payable for the period 1^st January, 2021 to 31^st May, 2021, where the outstanding taxes are paid during the period of the Tax Amnesty.

Waiver Of Penalties

Additionally, a waiver of penalties is applicable on or to:

• Any tax or outstanding tax or interest for the years up to and including the year ending 31^st December, 2020, where the outstanding taxes are paid during the period of the Tax Amnesty.
• Any outstanding return for the years up to and including the year ending 31^st December, 2020, where the return is filed during the period of the Tax Amnesty.
• Any tax or outstanding tax or interest for the period 1^st January, 2021 to 31^st May, 2021, where the outstanding taxes are paid during the period of the Tax Amnesty.
• Any outstanding return for the period 1^st January, 2021 to 31^st May, 2021, where the return is filed during the period of the Tax Amnesty.

Payment Centers

Payments can be made in cash, cheque, or Linx^® at any of the following offices of the Inland Revenue Division:

Regional Offices

• Port of Spain
• San Fernando - Cipero Street
• Scarborough

District Revenue Offices

• Chaguanas
• Couva
• Point Fortin
• Port of Spain
• Princes Town
• Rio Claro
• San Fernando - Independence Avenue
• Sangre Grande
• Siparia
• Tunapuna

Please note the following:

• The waiver shall not apply to any interest and penalties paid prior to 5^th July, 2021;
• Only Tax returns for the (6) year period (2015 – 2020) are valid for filing in 2021;
• Taxes and returns that remain outstanding after the amnesty ends, will be subject to the revived penalties and interest and become payable, as if the waiver was never effected.

Frequently Asked Questions