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1.
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| Customs and Excise Duty Exemptions for Tourism Industry |
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| According to the Act, several items “will be allowed for importation free of customs and excise duties as long as they are not manufactured in the desired quantities and quality in Trinidad and Tobago.” The list of items includes “environmentally-friendly and/or energy saving devices such as solar panels, and heating equipment” installed at hotels. |
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For applications in Trinidad:
Tourism Trinidad Limited
Level 18, Tower D
International Waterfront Centre
1A Wrightson Road
Port of Spain.
Tel: +1(868) 612-7412
Email: investments@visittrinidad.co.tt |
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| Promotion of the Fashion Industry |
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| A Corporate Sponsor can claim an allowance for that year of income: 150% of the actual expenditure incurred up to a maximum of twelve (12) million dollars spent in promotion of the fashion industry. |
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Inland Revenue Division, Ministry of Finance
Name: Ms. Dabie Dookharan, Supervisor, Taxpayers Services
Email address: ddookharan@ird.gov.tt
Phone number: 800-8299 ext. 10436
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3.
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| Sponsorship of Audio, Visual and Video Productions |
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| A Corporate Sponsor can claim an allowance for that year of income: 150% of the actual expenditure incurred up to a maximum of twelve (12) million dollars spent for funding audio, visual or video production promoting or reflecting local entertainment or local culture. |
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Inland Revenue Division, Ministry of Finance
Name: Ms. Dabie Dookharan, Supervisor, Taxpayers Services
Email address: ddookharan@ird.gov.tt
Phone number: 800-8299 ext. 10436
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| A Production Company that incurred expenditure for its own audio, visual or video production reflecting local entertainment or local culture can claim as an allowance for that year of income: 150% of the actual expenditure incurred up to a maximum of twelve (12) million dollars. |
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Inland Revenue Division, Ministry of Finance
Name: Ms. Dabie Dookharan, Supervisor, Taxpayers Services
Email address: ddookharan@ird.gov.tt
Phone number: 800-8299 ext. 10436
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| Agricultural Incentive Programme – Fisheries – Vessel Subsidy |
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This incentive offers subsidisation on vessel costs:
- Replacement of Pirogues: 25% of cost up to a maximum of $5,000
- Used Multipurpose Vessels: 10% of cost up to a maximum of $50,000
- New Multipurpose Vessels: 20% of cost up to a maximum of $100,000
- Upgrades to Commercial Vessels to meet HACCP standards: 25% of cost up to a maximum of $10,000
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| Forestry Incentive Programme –Watershed Rehabilitation |
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| This incentive encourages landowners to plant forest seedlings on their land. In return, they receive a rebate of 50% of the cost of the operation up to twenty-five hundred dollars ($2,500.00) per hectare. |
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| Forestry Incentive Programme –Machinery and Equipment |
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| Farmers involved in the rehabilitation of watersheds, Taungya gardens, and the establishment of fire traces and nature trails are eligible for 50% of the cost up to twenty-five thousand dollars ($25,000.00). |
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Forestry Incentive Programme –Perimeter Fire Trace
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| This incentive is given to encourage farmers to establish fire traces around and within their estate to help prevent the loss of vegetation due to fires. Farmers are eligible for 20% of the cost up to two hundred and fifty dollars ($250.00) per kilometre. |
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Forestry Incentive Programme –Vehicles
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| This incentive is available to farmers when a minimum of two (2) hectares of land is rehabilitated in any year, with a minimum of four (4) hectares targeted for rehabilitation. Vehicle incentives are paid in five annual tranches, each equivalent to one-fifth (1/5) of the value of the incentive. |
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| Forestry Incentive Programme – Taungya Land Clearing |
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| To meet the requirements for this incentive, the farmer is required to grow food/agricultural crop simultaneously with the Forestry Divisions’ establishment of forest trees. This incentive offers payments up to eight hundred dollars ($800.00) per hectare for land clearing. |
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| Forestry Incentive Programme – Establishment of Nature Trails |
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| Nature trails recommended by Tourism Trinidad Limited and at least 1 kilometre in length and 2 metres in width are considered under this incentive. Farmers are eligible for a 15% rebate of the costs, up to five hundred dollars ($500.00) per kilometre. |
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Renewable Energy/ Business Rebate for Agriculture
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| For approved agricultural holdings, a rebate of $25,000.00 will be granted for the implementation of renewable energy, such as solar and wind. |
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