Trinidad and Tobago
5.5/10
85th of 217
Trinidad and Tobago or U.S. Virgin Islands: which taxes less?
Both tax systems side by side, headline rates and the gap between them.
Lighter: Trinidad and Tobago, ahead by 1.1 FiScore point.
U.S. Virgin Islands
4.4/10
150th of 217
| Tax | Trinidad and Tobago | U.S. Virgin Islands | Gap |
|---|---|---|---|
| Corporate income tax headline rate | 25% | 21% to 23.1% | +1.9 points |
| Personal income tax top bracket | 0% to 25% | 10% to 37% | −12.0 points |
| VAT standard rate | 12.5% | 20% | −7.5 points |
Detailed schedules
Corporate income tax
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% |
U.S. Virgin Islands
n/a
- Trinidad and Tobago : taxsummaries.pwc.com
- U.S. Virgin Islands : bir.vi.gov
- U.S. Virgin Islands : taxsummaries.pwc.com