Trinidad proposes 12.5% VAT on foreign digital services, effective March 2027

Trinidad and Tobago's finance ministry proposes a 12.5% VAT on digital services from foreign providers, part of nine revenue measures in the 2027 Budget. The tax targets streaming platforms and is expected to raise TT$18 million annually. This marks a policy shift toward taxing the digital economy, with implementation set for March 1, 2027.