Paying taxes: Profit tax in Trinidad and Tobago
Trinidad and Tobago: Paying taxes: Profit tax was 25.8% in 2019. ▬ Flat
Paying taxes: Profit tax in Trinidad and Tobago, 2005–2019
Source: World Bank. Measured in % of profits.
Analysis
Trinidad and Tobago recorded 25.8% for paying taxes: profit tax in 2019. That is the highest value across all 15 years on record.
That represents a change of up 3.2% on the previous year and up 16.2% over ten years.
Over the whole period, paying taxes: profit tax in Trinidad and Tobago peaked at 25.8% in 2019 and was at its lowest, 21.0%, in 2007.
That places Trinidad and Tobago 25th out of 190 countries with data for 2019, putting it in the top quarter.
Paying taxes: Profit tax in Trinidad and Tobago, year by year
| Year | % of profits | Change |
|---|---|---|
| 2005 | 25.2% | — |
| 2006 | 25.2% | +0.0% |
| 2007 | 21.0% | -16.7% |
| 2008 | 22.2% | +5.7% |
| 2009 | 22.2% | +0.0% |
| 2010 | 21.0% | -5.4% |
| 2011 | 21.0% | +0.0% |
| 2012 | 21.0% | +0.0% |
| 2013 | 22.1% | +5.2% |
| 2014 | 22.0% | -0.5% |
| 2015 | 21.9% | -0.5% |
| 2016 | 21.8% | -0.5% |
| 2017 | 21.5% | -1.4% |
| 2018 | 25.0% | +16.3% |
| 2019 | 25.8% | +3.2% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 25.8% is above the median for high income countries, which is 12.9%, 2.0× the median. (62 countries reporting)
- Trinidad and Tobago's 25.8% is above the median for Latin America & Caribbean, which is 22.4%, 1.2× the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 23.2% | 21.0% | 25.2% | 5 |
| 2010s | 22.3% | 21.0% | 25.8% | 10 |
Countries ranked near Trinidad and Tobago
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: profit tax in Trinidad and Tobago?
- Paying taxes: profit tax in Trinidad and Tobago was 25.8% in 2019, according to the World Bank.
- What is the highest paying taxes: profit tax recorded in Trinidad and Tobago?
- The highest recorded value was 25.8% in 2019.
- What is the lowest paying taxes: profit tax recorded in Trinidad and Tobago?
- The lowest recorded value was 21.0% in 2007.
- How does Trinidad and Tobago rank for paying taxes: profit tax?
- Trinidad and Tobago ranks 25th out of 190 countries with data for 2019.
- Is paying taxes: profit tax rising or falling in Trinidad and Tobago?
- Over the last ten years it is up 16.2%. The long-run trend across the full record is flat.
- Where does this Trinidad and Tobago data come from?
- The figures come from the World Bank, published as part of Paying taxes: Profit tax (% 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 profit tax measures the amount of income taxes borne by the business in the second year of operation, expressed as a share of commercial pro?t.