Tax And NIS Amnesty Extended To March 31st 2025

The Tax and NIS amnesty for Small and Medium Enterprises (SMEs) has been extended to March 31st, 2025.

Minister of Finance, Colm Imbert, via media release, said that as of Monday, January 27th, 2025, the Tax Amnesty raised $2.38 billion in revenue.

The Minister said that 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.

He said it is now likely that the current 2024/2025 tax amnesty will exceed the collections in 2019.

Minister Imbert said this would permit SMEs sufficient time to address outstanding tax and National Insurance obligations.

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