Contents tagged with VAT

  • Value Added Tax (VAT)

    Tags: VAT, Value Added Tax

    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

  • VAT - Request for Information

    Tags: VAT

    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 For VAT Exemption 

    Tags: VAT

    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

  • VAT - Request For VAT Information

    Tags: VAT

    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

  • VAT Payments / Collections

    Tags: VAT

    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

  • VAT - Cancellation of Registration

    Tags: VAT

    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

  • VAT - Submission of The Vat Return

    Tags: VAT

    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