Paying taxes: Labor tax and contributions in Trinidad and Tobago
Trinidad and Tobago: Paying taxes: Labor tax and contributions was 9.4% in 2019. ▲ Rising
Paying taxes: Labor tax and contributions in Trinidad and Tobago, 2005–2019
Source: World Bank. Measured in % of profits.
Analysis
Trinidad and Tobago recorded 9.4% for paying taxes: labor tax and contributions in 2019. That is the highest value across all 15 years on record.
That represents a change of up 13.3% over ten years.
Over the whole period, paying taxes: labor tax and contributions in Trinidad and Tobago peaked at 9.4% in 2017 and was at its lowest, 7.6%, in 2013.
That places Trinidad and Tobago 136th out of 190 countries with data for 2019, putting it in the middle of the range.
The long-run direction has been consistently rising across the 15 years of available data.
Paying taxes: Labor tax and contributions in Trinidad and Tobago, year by year
| Year | % of profits | Change |
|---|---|---|
| 2005 | 8.3% | — |
| 2006 | 8.3% | +0.0% |
| 2007 | 8.3% | +0.0% |
| 2008 | 8.3% | +0.0% |
| 2009 | 8.3% | +0.0% |
| 2010 | 8.3% | +0.0% |
| 2011 | 8.3% | +0.0% |
| 2012 | 8.3% | +0.0% |
| 2013 | 7.6% | -8.4% |
| 2014 | 8.2% | +7.9% |
| 2015 | 8.5% | +3.7% |
| 2016 | 8.5% | +0.0% |
| 2017 | 9.4% | +10.6% |
| 2018 | 9.4% | +0.0% |
| 2019 | 9.4% | +0.0% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 9.4% is below the median for high income countries, which is 15.8%, 60% of the median. (62 countries reporting)
- Trinidad and Tobago's 9.4% is below the median for Latin America & Caribbean, which is 13.4%, 70% of the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.3% | 8.3% | 8.3% | 5 |
| 2010s | 8.6% | 7.6% | 9.4% | 10 |
Countries ranked near Trinidad and Tobago
- 133 Kazakhstan 10.1% compare
- 134 United States of America 9.8% compare
- 135 Papua New Guinea 9.5% compare
- 137 Guyana 9.2% compare
- 138 Angola 9.0% compare
- 139 Philippines 8.9% compare
More reference data data for Trinidad and Tobago
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.0696 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.0589 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.165 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0005 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.165 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.2333 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.0945 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.3189 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 0.7976 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.0027 (2050)
Frequently asked questions
- What is paying taxes: labor tax and contributions in Trinidad and Tobago?
- Paying taxes: labor tax and contributions in Trinidad and Tobago was 9.4% in 2019, according to the World Bank.
- What is the highest paying taxes: labor tax and contributions recorded in Trinidad and Tobago?
- The highest recorded value was 9.4% in 2017.
- What is the lowest paying taxes: labor tax and contributions recorded in Trinidad and Tobago?
- The lowest recorded value was 7.6% in 2013.
- How does Trinidad and Tobago rank for paying taxes: labor tax and contributions?
- Trinidad and Tobago ranks 136th out of 190 countries with data for 2019.
- Is paying taxes: labor tax and contributions rising or falling in Trinidad and Tobago?
- Over the last ten years it is up 13.3%. The long-run trend across the full record is rising.
- Where does this Trinidad and Tobago data come from?
- The figures come from the World Bank, published as part of Paying taxes: Labor tax and contributions (% of profits). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 15 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The labor tax and contributions measures all government mandated labor contributions that are borne by the business in the second year of operation, expressed as a share of commercial pro?t.