Income Tax – Other Entities

Joint Ventures, Associations and Foundations


On 15 April 1997, the Republic of Trinidad & Tobago brought into force the Companies Act, 1995 (as amended by the Companies Amendment Act, 1997) (the ‘Companies Act’). This replaced legislation that was 58-years-old and deficient in a modern commercial environment. The Companies Act is one significant step in the Government’s comprehensive overhaul of the legal and regulatory framework for doing business in Trinidad & Tobago, which is intended to increase its attractiveness as a center of business activity in the Caribbean and Latin America. The Companies Act provides a modern legal framework for the operations of companies in Trinidad & Tobago. It is based primarily on the Canadian model but has been adapted to meet local conditions. There have been a number of recommendations made by the Law Association of Trinidad and Tobago with respect to amendments to the Companies Act, but these have not been placed on the legislative agenda to date.