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  • Form 500 Ctr - Inland Revenue Division

Get Form 500 Ctr - Inland Revenue Division

Government of the rePubliC of trinidad and tobago ministry of finance, inland revenue division CoRpoRatIoN tax RetuRN V212500CTR foR CompaNIes otheR thaN INsuRaNCe aND petRoleum CompaNIes approved.

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Form 1040 is used by U.S. taxpayers to file an annual income tax return.

The Inland Revenue organisation is a Division of the Ministry of Finance. It serves as the principal tax collecting agency in Trinidad and Tobago. The organisation is managed by a Board of five (5) Commissioners, one of whom is appointed Chairman.

Self-employed Individuals/Sole Traders are required to pay 25% up to $1,000,000.00 and; 30% for every dollar over $1,000,000.00.

All taxpayers are entitled to a Personal Allowance of TT$72,000.00 per year. This means that you do not pay income tax on your first TT$72,000.00 of income, so you pay no income tax at all if you earn less than this amount. Follow the link below for tax rates and information on how your taxes are calculated.

Business Levy is payable at the rate of 0.6% on Gross Sales/Receipts excluding Sales/Receipts which give rise to income exempt from tax under any Act.

Corporations are subject to a business levy at the rate of 0.6% of gross revenue or receipts where the levy exceeds the corporation tax liability. Exemption is available for certain companies, including petroleum companies and companies whose annual turnover is less than TTD 360,000.

See Publication 334, Tax Guide for Small Business (For Individuals Who Use Schedule C) for more information. You have to file an income tax return if your net earnings from self-employment were $400 or more.

Corporation Tax and Business Levy Corporation tax is charged at the rate of 25% on the first TT$1,000,000 of a company's chargeable profits and chargeable short term capital gains and 30% thereafter.

Get Federal Tax Forms Get the current filing year's forms, instructions, and publications for free from the Internal Revenue Service (IRS).

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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