Trinidad and Tobago: Commercial tax rate

* indicates monthly or quarterly data series
 Trinidad and Tobago

Tax rate, percent of commercial profits

 Latest value 40.5
 Year 2019
 Measure percent
 Data availability 2005 - 2019
 Average 35.14
 Min - Max 31 - 40.5
 Source The World Bank (doing business survey)
For that indicator, we provide data for Trinidad and Tobago from 2005 to 2019. The average value for Trinidad and Tobago during that period was 35.14 percent with a minimum of 31 percent in 2011 and a maximum of 40.5 percent in 2019. The latest value from 2019 is 40.5 percent. For comparison, the world average in 2019 based on 184 countries is 40.53 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


Recent values chart
Trinidad and Tobago - Commercial tax rate - recent values

Historical chart
Trinidad and Tobago - Commercial tax rate - historical chart - 2005-2019




Definition: 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. Taxes withheld (such as personal income tax) or collected and remitted to tax authorities (such as value added taxes, sales taxes or goods and service taxes) are excluded.


 Related indicators Latest value Reference Measure
 Fiscal balance, percent of GDP -9.20 2021 percent
 Government debt 67.60 2023 percent
 Tax revenue 16.55 2019 percent
 Commercial tax rate 40.50 2019 percent
 Tax preparation time 210 2019 hours
 Number of taxes 39 2019 taxes
 Taxes on goods and services 20.85 2019 percent
 Taxes on international trade 5.98 2019 percent
 Income and profits taxes 26.09 2019 percent
 Foreign aid 4.34 2010 million U.S. dollars
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