RETURNING TO RESIDE IN TRINIDAD & TOBAGO?
TAX CONCESSIONS GRANTED TO RETURNING NATIONALS Returning to reside permanently in Trinidad & Tobago? Well, there is good news for you!! In 1994, Government in an attempt to encourage nationals to return home took a decision to grant tax concessions on a motor vehicle and household effects imported by such persons. The following is a summary of benefits to which a returning national is entitled. MOTOR VEHICLES(UNDER THE MOTOR VEHICLES AND ROAD TRAFFIC ACT CHAPTER 48:50 A "MOTOR CYCLE" IS CONSIDERED A MOTOR VEHICLE) Requirements In accordance with Section 45A of the Customs Act (Chap. 78:01) to qualify for any relief of taxes,...
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