Tt Corporate Income Tax

---
name: tt-corporate-income-tax
description: "Source-cited draft: corporate income tax for Trinidad and Tobago (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review."
license: "AGPL-3.0-or-later (code) / OpenAccountants Guide License v1.0 (content)"
metadata:
  source: openaccountants
  openaccountants_url: "https://www.openaccountants.com/skills/tt-corporate-income-tax"
  jurisdiction: "TT"
  tax_year: "2025"
  last_updated: "2026-07-13"
---

# Trinidad and Tobago Corporate Income Tax

## Corporation tax rates and base

- **Standard corporation tax rate** — 30% percent  _([Corporation Tax Act (Chap. 75:02)](https://taxsummaries.pwc.com/trinidad-and-tobago/corporate/taxes-on-corporate-income))_
- **Banks and petrochemical companies rate** — 35% percent  _([Corporation Tax Act (Chap. 75:02)](https://taxsummaries.pwc.com/trinidad-and-tobago/corporate/taxes-on-corporate-income))_
- **Petroleum production companies rate** — 50% (standard); 30% for deep-sea production percent  _([Petroleum Taxes Act (Chap. 75:04)](https://taxsummaries.pwc.com/trinidad-and-tobago/corporate/taxes-on-corporate-income))_
- **SMEs newly listed on the TT Stock Exchange** — 0% for first 5 years, then 15% for the next 5 years percent ((approx — confirm))  _([Corporation Tax Act (Chap. 75:02)](https://taxsummaries.pwc.com/trinidad-and-tobago/corporate/taxes-on-corporate-income))_
- **Special Economic Zone entities rate** — 15% percent  _([Trinidad and Tobago Special Economic Zones Act](https://taxsummaries.pwc.com/trinidad-and-tobago/corporate/taxes-on-corporate-income))_
- **Tax base** — Chargeable profits (accounting profit adjusted for tax) plus chargeable short-term capital gains  _([Corporation Tax Act (Chap. 75:02)](https://taxsummaries.pwc.com/trinidad-and-tobago/corporate/taxes-on-corporate-income))_
- **Business Levy** — 0.6% of gross revenue/receipts, payable where it exceeds the corporation tax liability (exempt below TTD 360,000 turnover) percent  _([Corporation Tax Act (Chap. 75:02)](https://taxsummaries.pwc.com/trinidad-and-tobago/corporate/other-taxes))_
- **Green Fund Levy** — 0.3% of gross income, non-deductible, payable quarterly percent  _([Miscellaneous Taxes Act (Chap. 77:01)](https://taxsummaries.pwc.com/trinidad-and-tobago/corporate/other-taxes))_
- **Withholding tax on dividends to non-residents** — 10% (non-treaty); reduced or 0% under double tax treaties (e.g. 0% within CARICOM) percent  _([Income Tax Act (Chap. 75:01)](https://taxsummaries.pwc.com/trinidad-and-tobago/corporate/withholding-taxes))_
- **Withholding tax on interest to non-residents** — 10% to non-resident individuals; 8% to non-resident companies (non-treaty) percent ((approx — confirm))  _([Income Tax Act (Chap. 75:01)](https://taxsummaries.pwc.com/trinidad-and-tobago/corporate/withholding-taxes))_
- **Withholding tax on royalties to non-residents** — 15% (non-treaty); reduced under double tax treaties percent  _([Income Tax Act (Chap. 75:01)](https://taxsummaries.pwc.com/trinidad-and-tobago/corporate/withholding-taxes))_
- **Withholding tax on payments to residents** — 0% on dividends, interest and royalties paid to resident companies/individuals  _([Income Tax Act (Chap. 75:01)](https://taxsummaries.pwc.com/trinidad-and-tobago/corporate/withholding-taxes))_
- **Corporation tax return deadline** — 30 April following the end of the income year  _([Corporation Tax Act (Chap. 75:02)](https://taxsummaries.pwc.com/trinidad-and-tobago/corporate/tax-administration))_
- **Quarterly tax instalments** — Payable on 31 March, 30 June, 30 September and 31 December; balance due by 30 April  _([Corporation Tax Act (Chap. 75:02)](https://taxsummaries.pwc.com/trinidad-and-tobago/corporate/tax-administration))_

## Today's figures and who stands behind this skill

This file is an AI skill (tax rules your AI follows) from OpenAccountants, copied on 2026-07-13. Rates, thresholds and deadlines change. For the current version of this skill, its official sources and the named accountant (if any) who stands behind it, call `get_skill` with slug `tt-corporate-income-tax` on the OpenAccountants connector (https://www.openaccountants.com/connect), or read https://www.openaccountants.com/skills/tt-corporate-income-tax. If neither is available, confirm every figure against the official source pages cited above before relying on it.