Total Tax Rate (As % of Commercial Profits) rose to 0.397% in Trinidad and Tobago in 2018

Total Tax Rate (As % of Commercial Profits) (%)
Economy | Trinidad and Tobago | May 17, 2019
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Total tax rate as a percentage of commercial profits reached 0.397 % in 2018 in Trinidad and Tobago, according to the National Statistical Office. This is 9.67 % more than in the previous year.

Historically, total tax rate as a percentage of commercial profits in Trinidad and Tobago reached an all time high of 0.397 % in 2018 and an all time low of 0.310 % in 2011. When compared to Trinidad and Tobago's main peers, total tax rate as a percentage of commercial profits in Guyana amounted to 0.306 %, 0.634 % in Puerto Rico, 0.279 % in Suriname and 0.646 % in Venezuela in 2018.

Trinidad and Tobago has been ranked 80th within the group of 172 countries we follow in terms of total tax rate as a percentage of commercial profits, 32 places above the position seen 10 years ago.

The total tax rate measures the amount of taxes and mandatory contributions payable by businesses after accounting for allowable deductions and exemptions as a share of commercial profits.

Total Tax Rate (As % of Commercial Profits) Unit 2010 2011 2012 2013 2014 2015 2016 2017 2018
Brazil % 68.5% 0.661% 0.660% 0.656% 0.653%
Colombia % 0.787% 0.788% 0.799% 0.723% 0.722%
Dominican Republic % 0.434% 0.435% 0.435% 0.435% 0.424%
Guyana % 0.359% 0.320% 0.323% 0.323% 0.323%
Haiti % 0.404% 0.403% 0.403% 0.403% 0.403%
Jamaica % 0.466% 0.465% 0.411% 0.353% 0.331%
Puerto Rico % 0.504% 0.496% 0.660% 0.658% 0.634%
Suriname % 0.279% 0.279% 0.279% 0.279% 0.279%
Trinidad and Tobago % 0.310% 0.315% 0.320% 0.322% 0.320%
USA % 46.4% 0.438% 0.438% 0.439% 0.440%
Venezuela % 0.615% 0.650% 0.650% 0.647% 0.650%