Morocco or Trinidad and Tobago: which taxes less?

Both tax systems side by side, headline rates and the gap between them.

Lighter: Trinidad and Tobago, ahead by 0.9 FiScore point.

Tax Morocco Trinidad and Tobago Gap
Corporate income tax headline rate 20% 25% −5.0 points
Personal income tax top bracket 0% to 37% 0% to 25% +12.0 points
VAT standard rate 20% 12.5% +7.5 points

Detailed schedules

Corporate income tax

Morocco

Profit under 100 M MAD 20%
Profit of 100 M MAD and over 35%
Banks and insurance Bank Al-Maghrib, CDG, insurance and reinsurance 40%

Trinidad and Tobago

Profit up to 1 million TTD 25%
Profit over 1 million TTD 30%
Activity tax on revenue Due if exceeding profit tax 0.6%
See the Morocco page See the Trinidad and Tobago page