Promoters, Artistes, and Band Leaders

Tags: Promoters, Artistes, Band Leaders, Carnival

The Board of Inland Revenue is advising of your Tax Obligations

 

PROMOTERS  

  1. ARE TO BE REGISTERED FOR VAT
  • where gross receipts of six hundred thousand dollars ($600 000) is attained (as of 1/1/2023)
  1. PAY INCOME/CORPORATION TAX
  2. PAY GREEN FUND LEVY
  3. DEDUCT AND REMIT WITHHOLDING TAX FOR FOREIGN ARTISTES
  4. SUBMIT RETURNS

 

LOCAL ARTISTES

  1. PAY HEALTH SURCHARGE
  2. PAY INCOME TAX (note: you are charged to tax on your world income)
  3. SUBMIT RETURNS

 

FOREIGN ARTISTES

  1. LIABLE FOR WITHHOLDING TAX (Deducted and Remitted by Promoter)

 

BANDLEADERS 

  1. ARE TO BE REGISTERED FOR VAT
  • where gross receipts of six hundred thousand dollars ($600 000) is attained
  1. PAY INCOME/CORPORATION TAX
  2. MAY BE LIABLE TO BUSINESS LEVY
  3. PAY GREEN FUND LEVY
  4. DEDUCT AND REMIT PAYE FROM EMPLOYEES WHERE APPLICABLE
  5. SUBMIT RETURNS

 

FOR FURTHER DETAILS PLEASE CONTACT

TAXPAYER RELATIONS SECTION

or use e-Tax Faster Easier and Convenient

Visit us at www.ird.gov.tt or call 800 TAXX(8299) Option 1