Trinidad and Tobago vs Bolivia
Tax Rate Comparison
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๐ฐ Personal Income Tax Calculator
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๐น๐น 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.
๐ง๐ด Bolivia โ Departmental & Municipal Taxes
Bolivia's 9 departments and 339 municipalities have their own tax powers. Municipalities levy the Impuesto a la Propiedad de Bienes Inmuebles (IPBI) on real property and the Impuesto Municipal a las Transferencias (IMT) on property transfers. Departmental governments receive shares of natural resource royalties. The National Tax Service (SIN) administers national taxes. Bolivia has a unique tax system where there is no personal income tax in the traditional sense โ instead, the RC-IVA (complementary VAT) effectively taxes income.
Trinidad and Tobago vs Bolivia: Key Tax Differences (2026)
๐ฐ Income Tax: ๐น๐น Trinidad and Tobago has a higher top income tax rate (25โ30% vs 13%). ๐ง๐ด Bolivia is more favourable for high earners.
๐ VAT/Sales Tax: Both countries have comparable consumption tax rates (12.5% vs 13%).
๐ข Corporate Tax: ๐ง๐ด Bolivia offers a lower corporate rate (25% vs 35%), which can influence business location decisions.
๐ Capital Gains: ๐น๐น Trinidad and Tobago taxes investment gains at a lower rate (0% vs 25%), benefiting investors.