Expense rules in Trinidad and Tobago.
Trinidad and Tobago applies VAT at 12.5%. Caribbean oil-producing country, regional financial hub.
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1Expense rules & reclaimable VAT
| Category | VAT | Reclaim | Cap / Note |
|---|---|---|---|
| Meals | 12,5% | Deductible | Tax invoice + BIR no |
| Lodging | 12,5% | Deductible | BIR registration |
| Alcohol | 12,5% | Limited | Excluded |
| Fuel | 12,5% | Deductible | Invoice |
| Transport | 12,5% | Deductible | Taxi/airfare |
| Gifts | 12,5% | Non-deductible | Cap |
Receipt
BIR number
2Mileage allowance
| Mode | Allowance | Cap | Note |
|---|---|---|---|
| Personal car | – | Fuel | Invoice |
| Company car | – | Card | – |
| Taxi | – | 100% receipt | Invoice |
Tracking
Date, distance
3Per diem and travel allowances
| Destination | Meal | Lodging / night | Daily rate |
|---|---|---|---|
| Port of Spain | TTD 150 | TTD 550 | TTD 900 |
| San Fernando | TTD 130 | TTD 450 | TTD 750 |
| Tobago | TTD 140 | TTD 500 | TTD 850 |
| Other | TTD 110 | TTD 400 | TTD 650 |
Conversion
Stable
4Foreign VAT recovery
| Zone | Mechanism | Deadline | Method |
|---|---|---|---|
| Resident | Credit | Bi-monthly | Return |
| Non-resident | None | – | Final cost |
| Free Zones | Incentives | Per approval | Regime |
Limitations
Keep
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