The Ministry of Finance of Trinidad and Tobago announced that the Tax and National Insurance Amnesty has been extended to 2 August 2025, extending the period during which eligible taxpayers and employers can settle arrears with penalties and interest waived. The extension was effected through Legal Notices No. 211, 212, 213, 214 and 215 of 2025. The Tax Amnesty applies to penalties and interest on a range of taxes up to the year of income ending 31 December 2023, including Individual Income Tax, Pay-as-You-Earn, Corporation Tax, Value Added Tax, petroleum taxes, and Stamp Duty. The National Insurance Amnesty applies to interest and penalties outstanding on contributions prior to 1 October 2024 and is limited to employers registered with the National Insurance Board before 1 October 2024. Where outstanding tax or contributions are not paid during the amnesty period, the waived penalties and interest are revived and become payable as if the waiver had not been granted.

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