Trinidad and Tobago Proposes Tax Changes Expected to Raise US$63 Million

The fiscal 2027 budget presented on 23 October 2026 proposes limiting businesses’ use of carried-forward tax losses to 75% of chargeable profits from January 2027. The measure is expected to raise approximately US$63 million, while other proposals include extending VAT to digital services supplied by non-resident providers; these are budget proposals and should not be treated as enacted changes without confirmation of the legislative process. Businesses, accounting firms and compliance advisers can explore tax-data management, regulatory reporting and secure document analytics, while HPC can support compliance-related data processing and reporting infrastructure; contact HPC for a quotation tailored to your requirements.

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