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  • Trinidad Form 500ctr 2018

Get Trinidad Form 500ctr 2018

GOVERNMENT OF THE REPUBLIC OF TRINIDAD AND TOBAGO Ministry of Finance, Inland Revenue Division V211500 CORPORATION TAX RETURN FOR COMPANIES OTHER THAN INSURANCE AND PETROLEUM COMPANIES Approved by.

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The Failure to File Penalty is 5% of the unpaid taxes for each month or part of a month that a tax return is late. The penalty won't exceed 25% of your unpaid taxes.

The taxpayer is required to file a tax return with the BIR by 30 April following the end of the fiscal period. An automatic six-month grace period is allowed, following which a penalty is imposed of TTD 1,000 for every six months or part thereof that the return remains unfiled.

A personal allowance of TTD 84,000 is available to resident taxpayers. It is also available to non-residents who are in receipt of pension income accruing or derived from Trinidad and Tobago. Effective 1 January 2023, the personal allowance will be increased to TTD 90,000.

There are a number of ways you can reduce your personal tax liability....These deductions include: Tertiary education expenses. First time home ownership. Approved deferred annuity contributions or premiums. Alimony or maintenance payments. Venture Capital Tax credits.

In most instances this will amount to a 4% penalty. Additionally, there is no penalty due if the taxpayer has a reasonable excuse for late payment. If HMRC is satisfied a taxpayer has a reasonable excuse HMRC will agree not to assess.

Where any amount that a person is required to pay to the Board is not paid by the due date, the amount outstanding bears a penalty of eight per cent (8%) of the amount outstanding and interest at the rate of two per cent (2%) per month or part there of from the due date to the day of payment.

Tax returns must be filed by 30 April of the year following the calendar or accounting year-end. An automatic six-month grace period is allowed, following which a penalty of TTD 100 accrues for every six months or part thereof that the return remains unfiled.

Rates – The rate is 25% on the first TTD 1 million of chargeable income, and 30% on chargeable income in excess of TTD 1 million. Capital gains – A distinction is made between long-term and short-term capital gains. Long-term capital gains are not subject to income tax.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232