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Trinidad & Tobago: Tax-breaks on laptops are in effect, says Finance Ministry

The Ministry of Finance has clarified that the removal of VAT and the Online Purchase Tax on laptops, notebooks and tablets are both in effect.

In a statement issued Tuesday, the Ministry said the tax breaks were in effect from September 4, after Finance Minister Colm Imbert made the announcement via social media

The update comes after several notices circulated via social media erroneously claiming that the removal of the taxes were not yet in effect.

The Ministry said:

‘The Minister of Finance has taken note of information in the public doman regarding the waiver of taxes on computers and wished to confirm that the required legal orders for the zero-rating for Value Added Tax (VAT) and the remission (waiver) of Online Purchase Tax (OPT) on laptop computers, notebook computers and tablet computers have been signed by the Minister of Finance and the Secretary to the Cabinet, respectively, and are effective from Friday September 4, 2020.’

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