Tourism Development Incentives

The Tourism Development Act, 2000 (TDA) was introduced to support the development of tourism in Trinidad and Tobago. The Act provides for benefits to be granted to the owners/operators of various types of tourism projects, once these projects have the potential of contributing substantially to the development of the tourism sector.

The benefits being offered are as follows:

1. Tax Benefits
2. Customs and Excise Duty Exemptions
3. Other Tax Benefits

These benefits are administered by TDC:

• Tax holidays up to seven years
• Tax exemption on profits from the initial sale of villas, condominiums and sites thereof within an Integrated Resort Development.
• Carry-over of losses from tax exemption period
• Duty concessions on vehicles
• Duty exemption fro building materials and articles of tourism equipment
• Capital Allowances
• Accelerated depreciation