Trinidad and Tobago Budget Statement 2024

Trinidad and Tobago's Ministry of Finance has published the Budget Statement 2024, which was presented in the House of Representatives on 2 October 2023. The main tax measures of the budget include:

• A business levy exemption for export sales of manufacturing companies whose gross receipts fall within the 30% tax bracket;
• An increase in the sustainability incentive from 20% to 25% with respect to the rate of supplemental petroleum tax (SPT) for any mature marine or small marine oil fields;
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