Americas

The Board of Inland Revenue (BIR) has issued a cautionary notice regarding unauthorized Landlord Business Surcharge (LBS) calculators circulating on third-party websites. The BIR confirms that there is currently no official LBS calculator hosted on its website (www.ird.gov.tt). Taxpayers using unofficial tools risk inaccurate tax computations, leading to underpayment or overpayment of the surcharge. The

To facilitate compliance with the Landlord Registration requirement, the Board of Inland Revenue (BIR) has deployed dedicated taxpayer service teams to various District Revenue Offices across Trinidad. The schedule, released as a public notice, lists specific dates (including the 8th and 9th of the current month) and locations where officers will assist landlords with completing

The Inland Revenue Division (IRD) has published a formal notice addressing Constituent Entities of Multinational Enterprise (MNE) Groups resident in Trinidad and Tobago for tax purposes. The notice details the obligations under the Country-by-Country (CbC) Reporting framework, aligned with OECD BEPS Action 13 and domestic legislation (Finance Act provisions). Entities must notify the IRD of

The Board of Inland Revenue (BIR) has directed all Government Ministries, Agencies, Borough Corporations, Regional Corporations, the Chief Inspectorate, and the Judiciary to adhere to a strict payment submission deadline. This directive, issued under the authority of the Financial Regulations and the Income Tax Act, requires these entities to remit all withheld taxes, deductions, and

Effective immediately, the Board of Inland Revenue (BIR) of Trinidad and Tobago has announced a significant update to tax payment procedures. Taxpayers can now utilize multiple payment methods—including cash, cheque, LINX, and manager’s cheque—for a single tax transaction. This policy shift aims to enhance flexibility and convenience for taxpayers settling their liabilities, aligning with modern