Discuss the VAT regime in Trinidad and the impact of VAT on the country’s economy. Answer should cover, but not limited, to the following:  • VAT registration • Time of supply  • Place of supply  • VAT rates • VAT Filing requirements & reporting obligations • Penalties • Legislative Authority of VAT

International Financial Management
14th Edition
ISBN:9780357130698
Author:Madura
Publisher:Madura
Chapter16: Country Risk Analysis
Section: Chapter Questions
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Discuss the VAT regime in Trinidad and the impact of VAT on the country’s economy.
Answer should cover, but not limited, to the following: 
• VAT registration
• Time of supply 
• Place of supply 
• VAT rates
• VAT Filing requirements & reporting obligations
• Penalties
• Legislative Authority of VAT

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