Description: Investment incentives are co-ordinated through the Investment Facilitation Department of the Tourism and Industrial Development Company of Trinidad & Tobago Limited (TIDCO). TIDCO will assist investors in applying for approval of investment incentives.
There are many different investment incentives:
* Concessions from import duty on raw materials, machinery, and equipment for approved industrial projects.
*
Exemption from corporation tax on profits, and from tax on dividends (under the Fiscal Incentives Act and Hotel Development Act).
Loss write-off provisions.
Training subsidies for developing new skills.
Provision of industrial sites and developed industrial accommodation.
Export allowances, promotion and assistance.
Export credit insurance.
Double taxation relief.
Exemption from Value Added Tax on inputs for companies exporting 80% of production.
Free Zones under Act 19 of 1988.
Venture Capital Companies under Act 22 of 1994. *
Incentives in some cases are available only to locally incorporated companies or locally owned companies.
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Description: Investment incentives are co-ordinated through the Investment Facilitation Department of the Tourism and Industrial Development Company of Trinidad & Tobago Limited (TIDCO). TIDCO will assist investors in applying for approval of investment incentives.
