Paying taxes: Total tax and contribution rate in Trinidad and Tobago
Trinidad and Tobago: Paying taxes: Total tax and contribution rate was 40.5% in 2019. ▬ Flat
Paying taxes: Total tax and contribution rate in Trinidad and Tobago, 2005–2019
Source: World Bank. Measured in % of profit.
Analysis
The most recent figure for paying taxes: total tax and contribution rate in Trinidad and Tobago is 40.5%, measured in 2019. That is the highest value across all 15 years on record.
The figure is up 2.0% on the previous year and up 11.6% over ten years.
Over the whole period, paying taxes: total tax and contribution rate in Trinidad and Tobago peaked at 40.5% in 2019 and was at its lowest, 31.0%, in 2011.
Trinidad and Tobago ranks 80th of 190 countries on this measure, in the middle of the range.
Paying taxes: Total tax and contribution rate in Trinidad and Tobago, year by year
| Year | % of profit | Change |
|---|---|---|
| 2005 | 39.2% | — |
| 2006 | 39.2% | +0.0% |
| 2007 | 35.0% | -10.7% |
| 2008 | 36.3% | +3.7% |
| 2009 | 36.3% | +0.0% |
| 2010 | 35.0% | -3.6% |
| 2011 | 31.0% | -11.4% |
| 2012 | 31.0% | +0.0% |
| 2013 | 31.5% | +1.6% |
| 2014 | 32.0% | +1.6% |
| 2015 | 32.2% | +0.6% |
| 2016 | 32.0% | -0.6% |
| 2017 | 36.2% | +13.1% |
| 2018 | 39.7% | +9.7% |
| 2019 | 40.5% | +2.0% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 40.5% is above the median for high income countries, which is 36.4%, 1.1× the median. (62 countries reporting)
- Trinidad and Tobago's 40.5% is above the median for Latin America & Caribbean, which is 39.1%, 1.0× the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 37.2% | 35.0% | 39.2% | 5 |
| 2010s | 34.1% | 31.0% | 40.5% | 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: total tax and contribution rate in Trinidad and Tobago?
- Paying taxes: total tax and contribution rate in Trinidad and Tobago was 40.5% in 2019, according to the World Bank.
- What is the highest paying taxes: total tax and contribution rate recorded in Trinidad and Tobago?
- The highest recorded value was 40.5% in 2019.
- What is the lowest paying taxes: total tax and contribution rate recorded in Trinidad and Tobago?
- The lowest recorded value was 31.0% in 2011.
- How does Trinidad and Tobago rank for paying taxes: total tax and contribution rate?
- Trinidad and Tobago ranks 80th out of 190 countries with data for 2019.
- Is paying taxes: total tax and contribution rate rising or falling in Trinidad and Tobago?
- Over the last ten years it is up 11.6%. 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: Total tax and contribution rate (% of profit). 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 total tax and contribution rate measures the amount of taxes and mandatory contributions borne by the business in the second year of operation, expressed as a share of commercial pro?t. The total amount of taxes and contributions borne is the sum of all the different taxes and contributions payable after accounting for allowable deductions and exemptions. The taxes withheld (such as personal income tax) or collected by the company and remitted to the tax authorities (such as VAT, sales tax or goods and service tax) but not borne by the company are excluded.