Given the current backlog of cases at the Tax Appeal Board, the length of time it takes for decisions to be issued, the even greater

I know what you are thinking. Charities do not pay tax and therefore do not need to tax plan. Am I right? If I am

Are doubtful debts (as distinct from bad debts) deductible for tax purposes? For the first time in Trinidad and Tobago (and in the Commonwealth Caribbean),

The Finance (No. 2) Bill, 2016 was brought before Trinidad and Tobago‘s Parliament on Friday July 1, 2016 and was assented to on July 20th, 2016

Can a taxpayer submit an amended tax return to the Board of Inland Revenue in order to correct a previous filing? If so, what are

Specifically, during the 2016/2017 Barbados Financial Statements and Budgetary Proposals, the Minister of Finance proposed that the Government will again offer a tax amnesty which

Trinidad and Tobago’s Honourable Finance Minister Colm Imbert signed a Model 1 Inter-Governmental Agreement (IGA) with the USA on 19 August 2016. On 19th August

In Greek mythology, a phoenix is a long-lived bird that is cyclically regenerated or reborn. As the mythical phoenix periodically rises from the ashes, so does

In Trinidad and Tobago, interest may be avoided by a company on the payment of quarterly taxes should the required amounts be paid to the

The Appellant raised a previously untested point before the Appeal Board: whether a taxpayer can obtain an order for summary judgement and bring the appeal

Barbados’ Minister of Finance, the Rt. Hon. Christopher Sinckler, presented the 2017 Budgetary proposals on Tuesday 30 May 2017.  The proposals were centered around objectives

On October 2, 2017, the Minister of Finance released his Budget Document  entitled “Changing the Paradigm”. On October 2, 2017, Trinidad and Tobago‘s Minister of Finance

Is “insufficient documentation” sufficient grounds for the Board of Inland Revenue to raise an additional assessment upon a taxpayer? It is the bane of every

Does a decision in one year’s tax assessment bar the Revenue or court from considering the same or similar issue in a subsequent year? Issue

An oldie, but a goodie: Value Added Tax Implications of Bauhuis Coating International Limited v The Board of Inland Revenue Background Construction projects can be

On October 1, 2018, the Minister of Finance released his Budget Document  entitled “Turnaround”.  On October 1, 2018, Trinidad and Tobago‘s Minister of Finance released his

A recent decision of the Trinidad and Tobago Tax Appeal Board reveals the limited scope of its jurisdiction to adjudicate on matters of interest to

A welcome opportunity for taxpayers to wipe the slate clean before the implementation of the Trinidad and Tobago Revenue Authority (or is it just a

“… systemic delays in receiving tax refunds remain one of the most important issues and biggest challenges facing taxpayers today. Prior to the PriceSmart Decision,

What does the Board of Inland Revenue have to do when a VAT Objection letter is lodged by a taxpayer? Good question! Read on…. Since