The Inland Revenue Division of the Trinidad and Tobago Ministry of Finance issued a release on 28 July 2020 to remind VAT registrants that the Board of Inland Revenue (BIR) continues to accept applications for VAT Bonds. The ability to apply for the payment of outstanding VAT refunds via VAT Bonds was first announced in April 2020.
APPLICATION FOR VALUE ADDED TAX (VAT) BONDS - JULY 28, 2020
VAT Registrants are reminded that the Board of Inland Revenue (BIR) continues to accept applications for VAT Bonds.
On completion of the processing of 'VAT Bonds' applicants will be contacted by telephone and notified of the scheduled date for collection of the certificates. Bonds will be delivered to applicants or their representatives, upon presentation of the ID indicated on their application forms or a letter indicating the name and ID of the person authorised to collect the Bond. In addition, the applicant's ID, as stated on the application form, must also be included in the letter.
Persons requiring further information can visit the IRD's website at www.ird.gov.tt.
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