Quick overview
| Standard Rate | Reduced Rate | Other Rates |
| 12.5% | N/A | Zero-rated (0%) and exempt |
The local name for VAT in Trinidad and Tobago is HERE.
There is basically 1 VAT rate in Trinidad and Tobago :
- Standard VAT rate is 12.5%
Recent developments
For more information about (recent) rate change developments in Trinidad and Tobago , please click HERE.
Standard rate: 12.5%
This rate applies for all transactions that take place in Trinidad and Tobago , unless an exception applies (such as a reduced rate, the zero rate or an exemption, or a reason to treat the transaction as outside scope of VAT).
Zero rate (0%)
- Exported goods
- Medicines
- Water and sewerage services supplied by a public authority
Exempt supplies of goods and services, without the right to deduct VAT
- Financial services
- Medical services
- Residential property rentals
- Real estate brokerage
- Public postal services
- Prescribed bus and taxi services
- Betting and gaming
A global VAT/GST rate overview can be found here (note this is a work in progress).
This post was last updated on November 10, 2021.
