The Government of the Republic of Trinidad and Tobago offers a suite of tourism investment incentives to owners/operators of tourism projects which can contribute substantially to the development of the tourism sector.
There are two (2) categories of incentives offered:
- Legislative Incentives – incentives which are stipulated in the Tourism Development Act 2000.
- Non-Legislative Incentives- these include projects that have received Cabinet Approval for its execution.
Legislative Incentives- Incentives Under the TDA
The Tourism Development Act, 2000 (TDA) was introduced to support the development of the tourism industry 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 significantly to the growth and expansion of the industry.
You can download the act by clicking here.
The TDA provides benefits for various types of tourism projects, provided that these projects contribute to the sustainable development of the Trinidad and Tobago tourism industry and the achievement of national tourism objectives. The benefits that are offered are as follows:
- Tax Benefits
- Customs and Excise Duty Exemptions