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Trinidad and Tobago: New taxes in Finance Act 2025 include commercial asset levy

Effective January 1, 2026

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january 12, 2026

The Finance Act 2025 introduced the following new taxes, initially proposed as part of the 2026 budget (read TaxNewsFlash)—effective January 1, 2026:

  • Commercial asset levy of 0.25% on commercial banks and insurance companies, excluding institutions in special economic zones
  • Landlord business surcharge of 2.5% of gross quarterly rental income up to TT$20,000 and 3.5% of gross quarterly rental income in excess of TT$20,000
  • Electricity surcharge of TT$0.05 per kilowatt-hour (kWh) for commercial and industrial customers
  • Single-use plastics tax of 5% on cost, insurance, and freight (CIF) value of single-use plastic products at the point of importation

Read a January 2026 report prepared by the KPMG member firm in Trinidad and Tobago

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