- Ministry of Finance announced businesses owed VAT refunds over $250,000 can apply for VAT bonds
- VAT Bonds issued on first come, first serve basis with effective date of January 31, 2025
- Bonds have a tenor of three years and accrue interest at 4.01% per annum
- Six-month moratorium on encashment/transferability for energy sector companies that are zero-rated
- Only applicants owed refunds over TT$250,000 eligible for VAT Bonds
- Refunds of TT$250,000 or less will be paid in cash
- Application forms available on Inland Revenue Division’s website at www.ird.gov.tt
Source: guardian.co.tt
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
