Corporate income tax (CIT) … rates Combined corporate income tax rate in Trinidad and Tobago
Trinidad and Tobago: Corporate income tax (CIT) … rates Combined corporate income tax rate was 30 Percentage of taxable income in 2026. ▼ Falling
Latest (2026)
30 Percentage of taxable income
Change on year
unchanged
World rank
10th
of 128 countries
All-time high
35 Percentage of taxable income
in 2000
All-time low
25 Percentage of taxable income
in 2014
Years of data
27
2000–2026
Corporate income tax (CIT) - statutory and targeted small business in Trinidad and Tobago, 2000–2026
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of taxable income.
Analysis
The most recent figure for corporate income tax (cit) - statutory and targeted small business in Trinidad and Tobago is 30 Percentage of taxable income, measured in 2026.
The figure is up 20.0% over ten years.
Over the whole period, corporate income tax (cit) - statutory and targeted small business in Trinidad and Tobago peaked at 35 Percentage of taxable income in 2000 and was at its lowest, 25 Percentage of taxable income, in 2014.
That places Trinidad and Tobago 10th out of 128 countries with data for 2026, putting it in the top 10%.
The long-run direction has been consistently falling across the 27 years of available data.
Corporate income tax (CIT) … rates Combined corporate income tax rate in Trinidad and Tobago, year by year
| Year | Percentage of taxable income | Change |
|---|---|---|
| 2000 | 35 Percentage of taxable income | — |
| 2001 | 35 Percentage of taxable income | +0.0% |
| 2002 | 35 Percentage of taxable income | +0.0% |
| 2003 | 35 Percentage of taxable income | +0.0% |
| 2004 | 35 Percentage of taxable income | +0.0% |
| 2005 | 35 Percentage of taxable income | +0.0% |
| 2006 | 35 Percentage of taxable income | +0.0% |
| 2007 | 30 Percentage of taxable income | -14.3% |
| 2008 | 30 Percentage of taxable income | +0.0% |
| 2009 | 30 Percentage of taxable income | +0.0% |
| 2010 | 30 Percentage of taxable income | +0.0% |
| 2011 | 30 Percentage of taxable income | +0.0% |
| 2012 | 30 Percentage of taxable income | +0.0% |
| 2013 | 30 Percentage of taxable income | +0.0% |
| 2014 | 25 Percentage of taxable income | -16.7% |
| 2015 | 25 Percentage of taxable income | +0.0% |
| 2016 | 25 Percentage of taxable income | +0.0% |
| 2017 | 30 Percentage of taxable income | +20.0% |
| 2018 | 30 Percentage of taxable income | +0.0% |
| 2019 | 30 Percentage of taxable income | +0.0% |
| 2020 | 30 Percentage of taxable income | +0.0% |
| 2021 | 30 Percentage of taxable income | +0.0% |
| 2022 | 30 Percentage of taxable income | +0.0% |
| 2023 | 30 Percentage of taxable income | +0.0% |
| 2024 | 30 Percentage of taxable income | +0.0% |
| 2025 | 30 Percentage of taxable income | +0.0% |
| 2026 | 30 Percentage of taxable income | +0.0% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 30 Percentage of taxable income is above the median for high income countries, which is 21.5 Percentage of taxable income, 1.4× the median. (60 countries reporting)
- Trinidad and Tobago's 30 Percentage of taxable income is above the median for Latin America & Caribbean, which is 25 Percentage of taxable income, 1.2× the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 33.5 Percentage of taxable income | 30 Percentage of taxable income | 35 Percentage of taxable income | 10 |
| 2010s | 28.5 Percentage of taxable income | 25 Percentage of taxable income | 30 Percentage of taxable income | 10 |
| 2020s | 30 Percentage of taxable income | 30 Percentage of taxable income | 30 Percentage of taxable income | 7 |
Countries ranked near Trinidad and Tobago
- 7 Cameroon 33 Percentage of taxable income compare
- 7 Croatia 18 Percentage of taxable income compare
- 8 Poland 19 Percentage of taxable income compare
- 8 Moldova 12 Percentage of taxable income compare
- 8 Namibia 32 Percentage of taxable income compare
- 9 Germany 30.13 Percentage of taxable income compare
- 9 Lithuania 17 Percentage of taxable income compare
- 9 Anguilla 0 Percentage of taxable income
- 10 Benin 30 Percentage of taxable income compare
- 10 Gabon 30 Percentage of taxable income compare
- 10 Haiti 30 Percentage of taxable income compare
- 10 Kenya 30 Percentage of taxable income compare
- 10 Montserrat 30 Percentage of taxable income compare
- 10 Nigeria 30 Percentage of taxable income compare
- 10 Papua New Guinea 30 Percentage of taxable income compare
- 10 Saint Lucia 30 Percentage of taxable income compare
- 10 Senegal 30 Percentage of taxable income compare
- 10 Sri Lanka 30 Percentage of taxable income compare
- 10 Zambia 30 Percentage of taxable income compare
- 10 Australia 30 Percentage of taxable income compare
- 10 Costa Rica 30 Percentage of taxable income compare
- 10 Mexico 30 Percentage of taxable income compare
More economy & growth data for Trinidad and Tobago
- Real gdp growth, annual growth rate 71.15 % change on previous year (2024)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.73 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.79 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 5.49 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0414 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 785.84 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.4521 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0303 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 573.82 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.09 % change on previous year (2025)
Frequently asked questions
- What is corporate income tax (cit) - statutory and targeted small business in Trinidad and Tobago?
- Corporate income tax (cit) - statutory and targeted small business in Trinidad and Tobago was 30 Percentage of taxable income in 2026, according to Organisation for Economic Co-operation and Development.
- What is the highest corporate income tax (cit) - statutory and targeted small business recorded in Trinidad and Tobago?
- The highest recorded value was 35 Percentage of taxable income in 2000.
- What is the lowest corporate income tax (cit) - statutory and targeted small business recorded in Trinidad and Tobago?
- The lowest recorded value was 25 Percentage of taxable income in 2014.
- How does Trinidad and Tobago rank for corporate income tax (cit) - statutory and targeted small business?
- Trinidad and Tobago ranks 10th out of 128 countries with data for 2026.
- Is corporate income tax (cit) - statutory and targeted small business rising or falling in Trinidad and Tobago?
- Over the last ten years it is up 20.0%. The long-run trend across the full record is falling.
- Where does this Trinidad and Tobago data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Corporate income tax (CIT) - statutory and targeted small business rates — Combined corporate income tax rate. Statizoid updates them automatically from the source API.
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About this data
Statutory and targeted, sub-central and combined corporate income tax (CIT) rates. Targeted rates of 'small incorporated business' are on the basis of size alone (e.g. number of employees, amount of assets, turnover or taxable income) and not on the basis of expenditures or other targeting criteria. Targeted rates data are only available for OECD member countries.