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Trinidad and Tobago: Ministry of Finance issues amended property tax notices, reduces ATV to 2%

Trinidad and Tobago: The Ministry of Finance of Trinidad and Tobago has shared information regarding the Amended Property Tax with the residents, advising them about the Notices of Assessment being mailed out currently and to ignore the notices that had been sent before March 6, 2024.

The government has also advised people to disregard the Notices regarding Assessment of property that have been sent or dated before March 6, 2024. All the notices issued before this period are now null and void.

Also, the Ministry has reminded the public to clear the due payments by September 30, 2024.

Sharing the update the Inland Revenue Division shared, that the Property Tax Act has been amended and the change has resulted in decrease in the rate of tax that is payable. The amount has reduced to 2% from 3% which was earlier in use.

Further, the notice states that all the payments, objections, and deferrals will only be accepted on the revised notices, not the previous ones.

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