Small Company Status Incentive

Ministry of Trade, Investment and Tourism

Corporation Tax exemption for approved locally owned manufacturing small companies, including agro-processing entities, for up to six consecutive years commencing January 1, 2023. Certificates are issued for two years and are renewable, subject to continued eligibility.

Eligibility

Must be a manufacturing company, including an agro-processing entity
Must be locally owned and controlled as defined in section 16(9) of the Corporation Tax Act, Chapter 75:02
Machinery, equipment and working capital must not exceed TTD 1,500,000 in value
If incorporated on or after January 8, 1988, must not result from the splitting or reconstruction of an existing company
Must not have another company as a shareholder, directly or indirectly through nominees
Must maintain accounts audited by members of the Institute of Chartered Accountants of Trinidad and Tobago
Must have potential to create permanent jobs
Must have at least five permanent employees
Must make optimum use of locally produced raw materials

Official sources

Opportunity details can change. Always confirm eligibility, deadlines, and application requirements with the official provider before applying.