Ministry of Finance

Finance Ministry invites voluntary submissions of property tax valuation forms

The Ministry of Finance is inviting anyone who wishes to submit property tax evaluation forms voluntarily, to do so.

The Ministry made the call in a statement issued on Tuesday.

"The Ministry of Finance wishes to advise property owners that they are free to submit valuation return forms and any supporting documents they consider relevant to any office of the Valuations Division on a voluntary basis."

The High Court has halted the mandatory submission of forms and the state;s appeal against the decision will be heard on June 6th.

Finance Ministry: 'Stable' outlook reflects S&P’s belief in current economic policies

The Ministry of Finance says the "stable" outlook that Standard and Poors has given this country, reflects a belief that the current economic policies employed by the Government are working.

The Ministry says fiscal and monetary policy adjustments also contributed to the stable outlook.

The Ministry issued the following statement Tuesday morning:

"On April 21, 2017, Standard and Poor’s (S&P) lowered its long-term sovereign credit ratings for the Republic of Trinidad and Tobago from “A-” to “BBB+”.

Finance Ministry: Article alleging 'VAT refunds suspended' is inaccurate

The Ministry of Finance has issued a statement denying the contents of a newspaper report that alleged that VAT refunds have been suspended.

The Ministry says the information is false.

The following is the ministry's statement:

"The Ministry of Finance wishes to correct an inaccurate article published in the Business Express of Wednesday April 19th, 2017 under the headline “IMF Report: T&T VAT Refunds Suspended”.

Moody's: Withdrawal from Heritage & Stabilisation Fund is "credit-negative"

The credit-rating agency, Moody’s, has described last month’s decision by Cabinet to draw down US$251 million from T&T’s Heritage and Stabilisation Fund (HSF) to finance part of the capital expenditure in the 2017 budget, as “credit negative because it reflects a deteriorating fiscal position driven by large fiscal deficits amid lower energy-related government revenues.”