Minister of Finance, Colm Imbert says if Trinidad and Tobago wants to maintain its success and relevance in this fragile climate, we must embrace digital change and give sustainability top priority.
The Finance Minister spoke at day 2 of the ICATT’s 15th Annual International Finance and Accounting Conference at the Hyatt Regency.
Minister Imbert said the government’s objective is to build a more effective, open, and inclusive digital society, utilising cutting-edge technologies and creative solutions.
The Finance Minister noted the Trinidad and Tobago International Financial Centre is key to this effort and has been very instrumental in furthering the Government’s goal of a cashless society. However he lamented there are still major obstacles to overcome, which was revealed in the TTIFC’s National Financial Inclusion Survey Report.
The Finance Minister also touched on the establishment of the Trinidad and Tobago Revenue Authority, which he said should be fully operational by March 31st, 2025.
Minister Imbert said the creation of the TTRA, will establish a foundation for tax administration, which can deal effectively with chronic and seemingly insurmountable problems such as difficulties in accessing the country’s tax payment system.