Puerto Rico or Trinidad and Tobago: which taxes less?

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

Level pegging: Puerto Rico and Trinidad and Tobago weigh about the same on the taxpayer.

Tax Puerto Rico Trinidad and Tobago Gap
Corporate income tax headline rate 18.5% 25% −6.5 points
Personal income tax top bracket 0% to 33% 0% to 25% +8.0 points
VAT standard rate 11.5% 12.5% −1.0 points

Detailed schedules

Corporate income tax

Puerto Rico

Base rate 18.5%
Surtax over 275,000 USD Added to base rate, total 37.5% 19%

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 Puerto Rico page See the Trinidad and Tobago page