Monday, February 3, 2025

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Rubio demands Panama ‘reduce China influence’ over canal

Secretary of State Marco Rubio visited the country amid...

Canadian fans boo US anthem as tariffs spur ‘buy local’ pledge

Canadians have begun booing the US anthem at sports...

Sabrina Carpenter and Charli XCX win early Grammys

The first of 94 trophies is handed out in...

Around 160,000 protest against far-right in Berlin

The protests came after some parties voted alongside the...

Europe has strengths it can build on

Remaining competitive is fundamental for Europe’s future. We need...

TV Shows

Rubio demands Panama ‘reduce China influence’ over canal

Secretary of State Marco Rubio visited the country amid...

Canadian fans boo US anthem as tariffs spur ‘buy local’ pledge

Canadians have begun booing the US anthem at sports...

Sabrina Carpenter and Charli XCX win early Grammys

The first of 94 trophies is handed out in...

Around 160,000 protest against far-right in Berlin

The protests came after some parties voted alongside the...

Europe has strengths it can build on

Remaining competitive is fundamental for Europe’s future. We need...

Music

Rubio demands Panama ‘reduce China influence’ over canal

Secretary of State Marco Rubio visited the country amid...

Canadian fans boo US anthem as tariffs spur ‘buy local’ pledge

Canadians have begun booing the US anthem at sports...

Sabrina Carpenter and Charli XCX win early Grammys

The first of 94 trophies is handed out in...

Around 160,000 protest against far-right in Berlin

The protests came after some parties voted alongside the...

Europe has strengths it can build on

Remaining competitive is fundamental for Europe’s future. We need...

Celebrity

Rubio demands Panama ‘reduce China influence’ over canal

Secretary of State Marco Rubio visited the country amid...

Canadian fans boo US anthem as tariffs spur ‘buy local’ pledge

Canadians have begun booing the US anthem at sports...

Sabrina Carpenter and Charli XCX win early Grammys

The first of 94 trophies is handed out in...

Around 160,000 protest against far-right in Berlin

The protests came after some parties voted alongside the...

Europe has strengths it can build on

Remaining competitive is fundamental for Europe’s future. We need...

Scandals

Rubio demands Panama ‘reduce China influence’ over canal

Secretary of State Marco Rubio visited the country amid...

Canadian fans boo US anthem as tariffs spur ‘buy local’ pledge

Canadians have begun booing the US anthem at sports...

Sabrina Carpenter and Charli XCX win early Grammys

The first of 94 trophies is handed out in...

Around 160,000 protest against far-right in Berlin

The protests came after some parties voted alongside the...

Europe has strengths it can build on

Remaining competitive is fundamental for Europe’s future. We need...

Drama

Rubio demands Panama ‘reduce China influence’ over canal

Secretary of State Marco Rubio visited the country amid...

Canadian fans boo US anthem as tariffs spur ‘buy local’ pledge

Canadians have begun booing the US anthem at sports...

Sabrina Carpenter and Charli XCX win early Grammys

The first of 94 trophies is handed out in...

Around 160,000 protest against far-right in Berlin

The protests came after some parties voted alongside the...

Europe has strengths it can build on

Remaining competitive is fundamental for Europe’s future. We need...

Lifestyle

Rubio demands Panama ‘reduce China influence’ over canal

Secretary of State Marco Rubio visited the country amid...

Canadian fans boo US anthem as tariffs spur ‘buy local’ pledge

Canadians have begun booing the US anthem at sports...

Sabrina Carpenter and Charli XCX win early Grammys

The first of 94 trophies is handed out in...

Around 160,000 protest against far-right in Berlin

The protests came after some parties voted alongside the...

Europe has strengths it can build on

Remaining competitive is fundamental for Europe’s future. We need...

Health

Rubio demands Panama ‘reduce China influence’ over canal

Secretary of State Marco Rubio visited the country amid...

Canadian fans boo US anthem as tariffs spur ‘buy local’ pledge

Canadians have begun booing the US anthem at sports...

Sabrina Carpenter and Charli XCX win early Grammys

The first of 94 trophies is handed out in...

Around 160,000 protest against far-right in Berlin

The protests came after some parties voted alongside the...

Europe has strengths it can build on

Remaining competitive is fundamental for Europe’s future. We need...

Technology

Rubio demands Panama ‘reduce China influence’ over canal

Secretary of State Marco Rubio visited the country amid...

Canadian fans boo US anthem as tariffs spur ‘buy local’ pledge

Canadians have begun booing the US anthem at sports...

Sabrina Carpenter and Charli XCX win early Grammys

The first of 94 trophies is handed out in...

Around 160,000 protest against far-right in Berlin

The protests came after some parties voted alongside the...

Europe has strengths it can build on

Remaining competitive is fundamental for Europe’s future. We need...

Movies

Rubio demands Panama ‘reduce China influence’ over canal

Secretary of State Marco Rubio visited the country amid...

Canadian fans boo US anthem as tariffs spur ‘buy local’ pledge

Canadians have begun booing the US anthem at sports...

Sabrina Carpenter and Charli XCX win early Grammys

The first of 94 trophies is handed out in...

Around 160,000 protest against far-right in Berlin

The protests came after some parties voted alongside the...

Europe has strengths it can build on

Remaining competitive is fundamental for Europe’s future. We need...

TV Shows

Rubio demands Panama ‘reduce China influence’ over canal

Secretary of State Marco Rubio visited the country amid...

Canadian fans boo US anthem as tariffs spur ‘buy local’ pledge

Canadians have begun booing the US anthem at sports...

Sabrina Carpenter and Charli XCX win early Grammys

The first of 94 trophies is handed out in...

Around 160,000 protest against far-right in Berlin

The protests came after some parties voted alongside the...

Europe has strengths it can build on

Remaining competitive is fundamental for Europe’s future. We need...

Music

Rubio demands Panama ‘reduce China influence’ over canal

Secretary of State Marco Rubio visited the country amid...

Canadian fans boo US anthem as tariffs spur ‘buy local’ pledge

Canadians have begun booing the US anthem at sports...

Sabrina Carpenter and Charli XCX win early Grammys

The first of 94 trophies is handed out in...

Around 160,000 protest against far-right in Berlin

The protests came after some parties voted alongside the...

Europe has strengths it can build on

Remaining competitive is fundamental for Europe’s future. We need...

Celebrity

Rubio demands Panama ‘reduce China influence’ over canal

Secretary of State Marco Rubio visited the country amid...

Canadian fans boo US anthem as tariffs spur ‘buy local’ pledge

Canadians have begun booing the US anthem at sports...

Sabrina Carpenter and Charli XCX win early Grammys

The first of 94 trophies is handed out in...

Around 160,000 protest against far-right in Berlin

The protests came after some parties voted alongside the...

Europe has strengths it can build on

Remaining competitive is fundamental for Europe’s future. We need...

Scandals

Rubio demands Panama ‘reduce China influence’ over canal

Secretary of State Marco Rubio visited the country amid...

Canadian fans boo US anthem as tariffs spur ‘buy local’ pledge

Canadians have begun booing the US anthem at sports...

Sabrina Carpenter and Charli XCX win early Grammys

The first of 94 trophies is handed out in...

Around 160,000 protest against far-right in Berlin

The protests came after some parties voted alongside the...

Europe has strengths it can build on

Remaining competitive is fundamental for Europe’s future. We need...

Drama

Rubio demands Panama ‘reduce China influence’ over canal

Secretary of State Marco Rubio visited the country amid...

Canadian fans boo US anthem as tariffs spur ‘buy local’ pledge

Canadians have begun booing the US anthem at sports...

Sabrina Carpenter and Charli XCX win early Grammys

The first of 94 trophies is handed out in...

Around 160,000 protest against far-right in Berlin

The protests came after some parties voted alongside the...

Europe has strengths it can build on

Remaining competitive is fundamental for Europe’s future. We need...

Lifestyle

Rubio demands Panama ‘reduce China influence’ over canal

Secretary of State Marco Rubio visited the country amid...

Canadian fans boo US anthem as tariffs spur ‘buy local’ pledge

Canadians have begun booing the US anthem at sports...

Sabrina Carpenter and Charli XCX win early Grammys

The first of 94 trophies is handed out in...

Around 160,000 protest against far-right in Berlin

The protests came after some parties voted alongside the...

Europe has strengths it can build on

Remaining competitive is fundamental for Europe’s future. We need...

Health

Rubio demands Panama ‘reduce China influence’ over canal

Secretary of State Marco Rubio visited the country amid...

Canadian fans boo US anthem as tariffs spur ‘buy local’ pledge

Canadians have begun booing the US anthem at sports...

Sabrina Carpenter and Charli XCX win early Grammys

The first of 94 trophies is handed out in...

Around 160,000 protest against far-right in Berlin

The protests came after some parties voted alongside the...

Europe has strengths it can build on

Remaining competitive is fundamental for Europe’s future. We need...

Technology

Rubio demands Panama ‘reduce China influence’ over canal

Secretary of State Marco Rubio visited the country amid...

Canadian fans boo US anthem as tariffs spur ‘buy local’ pledge

Canadians have begun booing the US anthem at sports...

Sabrina Carpenter and Charli XCX win early Grammys

The first of 94 trophies is handed out in...

Around 160,000 protest against far-right in Berlin

The protests came after some parties voted alongside the...

Europe has strengths it can build on

Remaining competitive is fundamental for Europe’s future. We need...

Trinidad and Tobago extends tax amnesty – March 31, 2025

PORT-OF-SPAIN, Trinidad – The minister of finance, Colm Imbert, MP, advised that as of Monday, January 27, 2025, the Tax Amnesty had raised $2.38 billion in revenue. Compared to previous years, the current Tax Amnesty is now on par with the 2019 tax amnesty, which was the most successful tax amnesty granted in the history of Trinidad and Tobago in terms of collections. It is now likely that the current 2024/2025 tax amnesty will exceed the collections in 2019.

Additionally, it is important to note that under the Public Procurement and Disposal of Public Property Act, which was proclaimed in 2023, Small and Medium Enterprises (SMEs) which are not up to date with their tax and National Insurance payments face significant challenges in participating in procurement proceedings by Ministries, Statutory Authorities and State Enterprises.

In this regard, section 29(1)(c) of the Public Procurement and Disposal of Property Act is relevant:

“A procuring entity shall ensure that suppliers and contractors — have fulfilled their obligations to pay all required taxes and contributions in Trinidad and Tobago” Bearing the above in mind, both Regulation 4(3) of the Public Procurement and Disposal of Public Property (Pre-Qualification and Pre-Selection) Regulations and Regulation 10 of the Public Procurement and Disposal of Public Property (Simplified Procurement) Regulations, whilst respectively allowing payment plan agreements and a period of six months to settle outstanding tax and national insurance payments, do not absolve SMEs from their responsibility of being current with tax and National Insurance payments.

Consequently, given the vital role of SMEs in employing people, contributing to the gross domestic product, and sustaining economic growth, it has been considered necessary to ensure that SMEs can continue participating in procurement proceedings by extending the Tax and National Insurance Amnesty. This would permit SMEs sufficient time to address outstanding tax and National Insurance obligations.

Moreover, as the Trinidad and Tobago Revenue Authority is expected to become fully operational in 2025, and greater compliance is expected in the future, the current Tax and National Insurance Amnesty will allow taxpayers to put their houses in order and to pay their outstanding taxes before the TTRA is operational.

Accordingly, the Tax and NIS Amnesties have been extended to March 31, 2025.

The post Trinidad and Tobago extends tax amnesty – March 31, 2025 appeared first on Caribbean News Global.

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