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In a Media Release this evening (Tuesday 24th May 2022), Minister of Finance, Colm Imbert, confirmed that, consistent with a commitment made previously, effective from Wednesday (25th May 2022), all taxes (customs duty, motor vehicle tax and value added tax) will be waived on passenger hybrid motor cars for private use with an engine size not exceeding 1.599cc and an electric motor output not exceeding 105 KW.
Minister Imbert also confirmed that the tax exemptions were published in the Gazette today and take effect tomorrow. He said the age of used passenger hybrid cars meeting these specifications has been fixed at no more than three (3) years. The Minister concluded the statement by saying, “These specifications will allow the vast majority of small hybrid passenger cars for private use to be imported into Trinidad and Tobago, free of all taxes.” We are a small operation. If you've found our articles to be informative, please consider supporting us via PayPal or buying us a coffee. Your contribution is incredibly appreciated and goes a long way. Simply sharing our articles also helps us. Sign up for our free WhatsApp Alerts to be notified as soon as we post breaking news. NEW! Check out our Merchandise Store for high-quality t-shirts, hats and more!
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