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Financial reporting advisory
Our Financial Reporting Advisory team helps clients understand changes in accounting standards and develop change strategies.
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Advisory Services
Every business is different, the challenges they face vary but all need bespoke solutions. Businesses also share common ground when it comes to striving for reducing costs and improving efficiencies.
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Audit and Assurance Services
Grant Thornton’s audit methodology harnesses proven processes and cutting-edge technology to deliver business benefits.
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Transaction Advisory Services
Transactions are significant events in the life of a business, so the stakes are high for both buyers and sellers.
Value Added Bonds
TAX NOTICE
Please be advised the Ministry of Finance has announced the release of the 2025 Value Added Tax (VAT) Bond Initiative on 27 January, 2025.
This initiative targets registered VAT entities with outstanding refunds in excess of TT$250,000.00 related to VAT period prior to 2025.
These entities are now eligible to apply for and receive VAT Bonds which will mature in three (3) years at an applicable interest rate of 4.01% p.a.
Interested VAT Registrants are required to complete an application form on www.ird.gov.tt and email the completed form to VATBonds@ird.gov.tt by no later than 12pm on Monday 03 February, 2025.
Important: VAT Registrants must ensure that all VAT Returns are filed, and all tax liabilities have been cleared.
Once the VAT Bonds have been processed, VAT Registrants will be contacted via telephone and notified of a schedule date for collecting the issued Bonds.
Grant Thornton ORBIT Solutions Limited can assist with the process of applying with the Board of Inland Revenue (BIR). If you require our assistance to do so, kindly contact us so we can ensure timely submission of the application to the BIR on your behalf.
Should you require any assistance with remittance of payment, please feel free to contact us at GTOSTax@tt.gt.com or 225-4125 ext. 256.
