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Cuba vs Trinidad and Tobago
Tax Rate Comparison

Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.

๐Ÿ‡จ๐Ÿ‡บ Cuba
vs
๐Ÿ‡น๐Ÿ‡น Trinidad and Tobago
Tax Year:

๐Ÿ’ฐ Personal Income Tax Calculator

Enter your income to see your estimated annual tax liability in each country โ€” side by side.

Enter your annual income above to see your personal tax comparison โ†’
Individual Income Tax (Top Marginal Rate)
Top Income Tax Rate
15โ€“50%
Economic crisis continuing; tax system highly distorted
No change
25โ€“30%
30% top; energy transition planning
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
0%
No formal VAT; selective taxes maintained
No change
12.5%
12.5% maintained
No change
Corporate Tax Rate
Corporate Tax Rate
35%
35%; private sector growing despite restrictions
No change
25โ€“35%
CIT stable; LNG sector key
No change
Capital Gains Tax
Capital Gains Tax
35%
35% nominal
No change
0%
No CGT
No change
Social Security & Payroll
Social Security / Payroll
~14%
Severe pension system stress; currency instability
No change
~13.2%
NIS reform ongoing
No change
State, Regional & Local Taxes

๐Ÿ‡จ๐Ÿ‡บ Cuba โ€” Provincial & Municipal Taxes

Cuba's 15 provinces and the special municipality of Isla de la Juventud have limited independent taxing powers under the centrally planned socialist system. The ONAT (Oficina Nacional de Administraciรณn Tributaria) administers national taxes, while provincial and municipal governments collect local fees for services. Cuba underwent significant economic reform since 2010 โ€” allowing self-employment (cuentapropistas) and private business (MIPYMES from 2021). Currency unification (2021) significantly restructured the fiscal landscape. The US embargo continues to severely distort the economy.

๐Ÿ‡น๐Ÿ‡น Trinidad and Tobago โ€” Municipal & Regional Corporations

Trinidad and Tobago's 14 regional/municipal corporations (including Port of Spain City Corporation) levy property taxes and business licence fees. T&T is a significant energy producer in the Caribbean โ€” natural gas and oil revenues are major fiscal pillars. The country uses a Business Levy (0.6% of gross sales as minimum tax) and a Green Fund Levy (0.3%). T&T has the highest per-capita income in the Caribbean and a well-developed financial services sector.

โš ๏ธ Disclaimer: Rates shown are standard top/headline rates for informational purposes. Actual tax liability depends on income level, residency, deductions, and tax treaties. 2025โ€“2026 data reflects announced or enacted rates and may be subject to change. Not financial or legal advice.

Cuba vs Trinidad and Tobago: Key Tax Differences (2026)

๐Ÿ’ฐ Income Tax: ๐Ÿ‡จ๐Ÿ‡บ Cuba has a higher top income tax rate (15โ€“50% vs 25โ€“30%). ๐Ÿ‡น๐Ÿ‡น Trinidad and Tobago is more favourable for high earners.

๐Ÿ›’ VAT/Sales Tax: Trinidad and Tobago has a higher consumption tax (0% vs 12.5%).

๐Ÿข Corporate Tax: Corporate rates are similar in both countries (35% vs 25โ€“35%).

๐Ÿ“ˆ Capital Gains: ๐Ÿ‡น๐Ÿ‡น Trinidad and Tobago taxes investment gains at a lower rate (0% vs 35%), benefiting investors.

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