Returning to reside permanently in Trinidad & Tobago? Well, there is good news for you!!
In 1994, Government in an attempt to encourage nationals to return home took a decision to grant tax concessions on a motor vehicle and household effects imported by such persons. The following is a summary of benefits to which a returning national is entitled
In accordance with Section 45A of the Customs Act (Chap. 78:01) to qualify for any relief of taxes, the person must satisfy all of the following conditions:
1. The person must be eighteen(18) years old and over; and
2. Is or was a citizen of Trinidad & Tobago;
3. Has citizenship of two (2) countries, one of which is Trinidad & Tobago; or
4. Is the spouse of a person referred to in sub-paragraphs (i) or (ii) above;
5. Has obtained from the Minister to whom responsibility for trade is assigned, a licence to import such vehicle in accordance with the Trade Ordinance;
6. Must have resided abroad for a continuous period of at least five (5)years immediately prior to his return to Trinidad & Tobago;
7. Intends to reside in Trinidad & Tobago permanently;
8. The person acquired the motor vehicle abroad;
9. The person is the registered owner of the vehicle prior to his return to Trinidad & Tobago and imports the motor vehicle six (6) months before orwithin one(1) year after his return to Trinidad and Tobago;
10. Requires the vehicle for his personal use;
11. Provides proof of ownership of the motor vehicle;
12. Must not sell or transfer the vehicle within two (2) years of its importation;