Company Overview

History

In 1993, Government came to the conclusion that the management of revenue collection in Trinidad and Tobago was not optimal. This was based on evidence of inefficiencies in processes; the increases in transaction costs to business and their impact on productivity and competitiveness; and general complaints of dissatisfaction from taxpayers. Consequently, Government sought and obtained technical assistance from foreign governments with respect to both domestic taxes and customs.

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Summary

The Legislative framework governing the TTRA was passed by an Act of Parliament in December 2021. The Act enables the TTRA to function according to its mandate, but through a hybrid system, whereby the Enforcement Division will still be guided by the Public Service Commission.

The Trinidad and Tobago Revenue Authority Act (2021)

The Trinidad and Tobago Revenue Authority Act (2021)

Staff Structure

In the Act, the TTRA Board is responsible for the management policies which govern human resources, including those related to recruitment, remuneration, promotion, training and development, performance assessment, conditions of work, discipline, termination of employment and superannuation benefits. The Director General and the Deputy Directors General of the TTRA will be appointed by the Minister of Finance, subject to affirmative resolution of Parliament. The Deputy Director General, Enforcement shall, however, be a public officer. This position will be appointed by the Public Service Commission. Staff transferring from the CED or IRD to the Enforcement Division will also remain in the Public Service. As the IRD and CED can make their transition to the TTRA, current staff (covered under the Act) can:

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Vision

To be a trusted and fair revenue administration that acts with integrity and transparency, committed to closing the tax gap and to effective trade facilitation through voluntary compliance, innovative solutions, enhanced citizens’ experience and an empowered workforce.

Purpose

To enable nation building by optimizing revenue collections for an enriched quality of life throughout Trinidad and Tobago.

VISION

To be a trusted and fair revenue administration that acts with integrity and transparency, committed to closing the tax gap,and to effective trade facilitation through voluntary compliance, innovative solutions, enhanced citizens’ experienceand an empowered workforce.

PURPOSE

To enable nation building by optimizing revenue collections for an enriched quality of life throughout Trinidad and Tobago.

Target: Increase revenue collections by $10b

Functions of the TTRA

Strategic Objective

  • Create public trust and confidence in the revenue administration system.
  • Educate taxpayers effectively and make it simple for them to comply with their obligations.
  • Create an innovative and data driven organization that will drive greater compliance.
  • Modernize systems to enhance and streamline our online services.
  • Modernize revenue collection systems and processes to drive efficiency, improve stakeholder experience and detect and reduce non-compliance.
  • Create public trust and confidence in the revenue administration system.

Year 1

Integrate and Retain

To ensure a smooth and seamless integration of the Inland Revenue Division (IRD) and the Customs & Excise Division (CED) with minimal disruption to services and operations, while maintaining the budgeted fiscal year 2023 non-oil tax collections to non-oil GDP ratio.

Year 2

Transition

To introduce the use of new and innovative digital solutions including advanced data analytics geared towards promoting voluntary compliance, drive deeper insights on customers as well detect suspicious taxpayer behaviour to minimize tax leakage and tax evasion.

Year 3

Transform and Grow

To optimize and enhance the use of digital technologies and analytical models, ensuring the right skills and working practices are available to effectively extract the benefits and insights required to increase compliance and subsequently revenue collections.