New Incentives for the Tourism Sector Effective December 1st, 2017
The FY 2018 Budget Statement announced incentives additional to the existing ones for stimulating and re-energizing the tourism sector.
Under the Trinidad and Tobago Hotel and Guest Room Stock Upgrade Programme, Increased reimbursement of expenditure on the cost of work from 25% to 50% and increased maximum reimbursement limit from $750,000 to $1.5 million.
Under the Small Approved Tourism Properties Programme, increase reimbursement of the expenditure on the cost of work per room from 20% to 40% as well as by increasing the maximum reimbursement limit for Small Approved Tourism Properties from $75,000 to $150,000.
Agency
Export-Import Bank of
Trinidad and Tobago Limited
30 Queens Park West, Port of Spain,
Trinidad and Tobago
The Export Import Bank of Trinidad and Tobago Limited (EXIMBANK) remains the only official Export Credit Agency (ECA) in the country. EXIMBANK provides a wide range of trade finance products to the export sector that satisfies market needs, while facilitating regional penetration and expansion, at the same time positioning our clients to take advantage of global opportunities.
Bankers
First Citizens Bank Limited
Maraval Road, Port of Spain,
Trinidad and Tobago
Auditors
PKF Chartered Accountants
and Business Advisors
90 Edward Street, Port of Spain,
Trinidad and Tobago