For those considering moving to Trinidad and Tobago

Individuals who stay in Trinidad and Tobago for 183 days or more during a tax year are considered to have moved there and to be tax residents.

Resident taxpayers in Trinidad and Tobago are taxed on their worldwide income, while non-resident taxpayers are taxed on income sourced in Trinidad and Tobago, as well as income remitted to Trinidad and Tobago.

Trinidad and Tobago has a progressive tax system, with rates ranging from 25 to 30%.

Trinidad and Tobago grants a tax credit for taxes paid abroad, limited to the amount of Trinidad and Tobago tax payable on the same income.

Trinidad and Tobago does not levy wealth tax.

The tax year in Trinidad and Tobago corresponds with the calendar year.

The individual tax return in Trinidad and Tobago must be filed by 31 October of the year following the tax year.

The name of the tax authority in Trinidad and Tobago is Board of Inland Revenue.

Trinidad and Tobago has tax treaties with approximately 10 countries. Norway is not among them.

Trinidad and Tobago has property tax. Rates range from 1 to 6% and are assessed based on the property’s rental value.