For immediate release
Value Added Tax (VAT) Bonds Application forms are available OnlineIn keeping with the Ministry of Finance’s 2025 "VAT Bonds" initiative, the Board of Inland Revenue (BIR) … 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
Value Added Tax, or VAT, is applied to both goods and services in Trinidad and Tobago and is included in the final price of the product. VAT is charged at a rate of 12.5%. VAT-registered … 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
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
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
REQUEST FOR INFORMATION
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 … more
Introduction
Value Added Tax is due and payable within 25 days after the end of the tax period to which it relates.
e.g. Tax Period 1/1/21 – 28/02/21 ---- Tax Due 25/3/21
Application Forms
- … more
Introduction
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 … more
Introduction
The period covered by the VAT Return is referred to as the tax period. The standard tax period is two (2) months. Persons registered for VAT are required to submit a return and remit … more