Trinidad and Tobago: Number of taxes
* indicates monthly or quarterly data series
| Trinidad and Tobago |
Number of taxes paid by businesses |
|---|---|
| Latest value | 39 |
| Year | 2019 |
| Measure | taxes |
| Data availability | 2005 - 2019 |
| Average | 39 |
| Min - Max | 39 - 40 |
| Source | The World Bank (doing business survey) |
The latest value from 2019 is 39 taxes, unchanged from 39 taxes in 2018. In comparison, the world average is 23 taxes, based on data from 184 countries. Historically, the average for Trinidad and Tobago from 2005 to 2019 is 39 taxes. The minimum value, 39 taxes, was reached in 2011 while the maximum of 40 taxes was recorded in 2005.
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Definition: Tax payments by businesses are the total number of taxes paid by businesses, including electronic filing. The tax is counted as paid once a year even if payments are more frequent.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Fiscal balance, percent of GDP | -1.70 | 2023 | percent |
| Government debt | 67.60 | 2023 | percent |
| Tax revenue | 25.06 | 2007 | 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 | 15.78 | 2007 | percent |
| Taxes on international trade | 5.11 | 2007 | percent |
| Income and profits taxes | 60.89 | 2007 | percent |
| Foreign aid | 4.34 | 2010 | million U.S. dollars |