Trinidad and Tobago income tax rates
Rates of income tax payable on the chargeable income of a person other than a company, set by the Third Schedule, Part I, to the Income Tax Act, Chap. 75:01 (given effect by ss. 48 and 50), together with the personal allowance under s. 18. Trinidad and Tobago taxes individuals on an ANNUAL chargeable-income basis.
| Current value | 2 entries — see the API for the full schedule |
|---|---|
| In force from | 2023-01-01 |
| Official source | Income Tax Act, Chap. 75:01, Third Schedule Part I, paragraph 1 — 'The rate of tax payable on the chargeable income of a person, other than a company is (a) twenty-five cents for every dollar up to $1,000,000 of chargeable income; and (b) thirty cents for every dollar that exceeds $1,000,000 of chargeable income' (as amended by Act No. 10 of 2016); personal allowance per s. 18 as amended by the Finance Act 2022, clause 8(a), in force 1 January 2023 (clause 13(1)) |
| Last verified | 2026-07-23 |
| Verification | primary — No verification limitation recorded — read from the official source cited. |
| Provenance | source fingerprint |
What this value means
CORRECTION TO THE BRIEF — THE TT$1,084,000 FIGURE IS NOT IN THE LAW. The launching brief flagged an aggregator-circulated threshold of TT$1,084,000; the statute says TT$1,000,000, in words and figures, and nothing in any Finance Act to date changes it. Read the Third Schedule Part I para 1 verbatim above. Anyone quoting 1,084,000 has almost certainly added the TT$84,000 personal allowance to the TT$1,000,000 threshold to produce a 'gross income at which 30% starts' number — and has additionally used the SUPERSEDED allowance: the personal allowance has been TT$90,000 since 1 January 2023, not TT$84,000. The corresponding gross-income crossover, if one wanted it, would be TT$1,090,000 — but that is a derived figure, not a statutory threshold, and this series does not serve it. PERSONAL ALLOWANCE: s. 18 gives a resident individual (and a non-resident in receipt of TT-source pension income) a personal allowance of ninety thousand dollars, raised from eighty-four thousand dollars by the Finance Act 2022 (clause 8(a); commencement 1 January 2023 per clause 13(1); Bill text at https://www.ttparliament.org/wp-content/uploads/2022/11/b2022h12.pdf). The Legal Affairs consolidation cited above is marked 'UNOFFICIAL VERSION, UPDATED TO 31ST DECEMBER 2016' and still prints 'seventy-two thousand dollars' in s. 18 — the rate schedule in it is current but the allowance in it is two amendments out of date. This is exactly the staleness the brief warned about, and it is in the consolidated statute, not only on the Ministry of Finance web pages (finance.gov.tt/services/income-tax/ is a service-link hub and publishes no rate or allowance at all). The brackets above are CHARGEABLE income, i.e. after the personal allowance and other reliefs (approved pension/annuity contributions and NIS, capped at TT$60,000 combined; tertiary education expenses; etc.). Third Schedule Part I para 2 retains a legacy marginal-relief table for chargeable incomes between $5,000 and $8,500 that is dead letter given the $90,000 allowance. Health surcharge (TT$8.25 or TT$4.80 per week) and National Insurance contributions are separate charges, not income tax. Withholding tax rates are in Third Schedule Part II. Rates for individuals have been 25/30 since year of income 2017 (Act No. 10 of 2016 replaced the former flat 25%); the Finance Act 2025 (in force 1 January 2026) introduced new levies but left the personal rate schedule and the personal allowance untouched.
Earlier values
| From | Value | Source |
|---|---|---|
| 2021-01-01 | structured | Income Tax Act, Chap. 75:01, s. 18 before the Finance Act 20 |
Get it programmatically
curl https://latamref.dev/v1/tt/income-tax
# $0.001 per call — x402 on Base (USDC). No key, no signup.
# History: curl https://latamref.dev/v1/tt/income-tax/history?from=2020-01-01
# Provenance: curl https://latamref.dev/provenance/tt/income-taxOther Trinidad and Tobago series: policy interest rate · VAT rate · minimum wage · public holidays · inflation rate (CPI) · corporate tax rate