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Trinidad and Tobago vs Nicaragua
Tax Rate Comparison

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

๐Ÿ‡น๐Ÿ‡น Trinidad and Tobago
vs
๐Ÿ‡ณ๐Ÿ‡ฎ Nicaragua
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
25โ€“30%
30% top; energy transition planning
No change
0โ€“30%
30% top; economic stability fragile
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
12.5%
12.5% maintained
No change
15%
IVA 15% maintained
No change
Corporate Tax Rate
Corporate Tax Rate
25โ€“35%
CIT stable; LNG sector key
No change
30%
30% IR maintained
No change
Capital Gains Tax
Capital Gains Tax
0%
No CGT
No change
15%
15% CGT
No change
Social Security & Payroll
Social Security / Payroll
~13.2%
NIS reform ongoing
No change
~25.25%
INSS reform pending
No change
State, Regional & Local Taxes

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.

๐Ÿ‡ณ๐Ÿ‡ฎ Nicaragua โ€” Municipal Taxes

Nicaragua's 153 municipalities levy the Impuesto de Matrรญcula (2% of prior revenues), Impuesto Municipal sobre Ingresos (IMI at 1% of monthly revenues), property tax (IBI at 1%), and service fees. Nicaragua under Ortega government has faced significant economic disruption from 2018 protests and subsequent international isolation. The economy has stabilized somewhat but remains one of the poorest in Central America. Tax administration reform has been ongoing with support from international institutions.

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.

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

๐Ÿ’ฐ Income Tax: Trinidad and Tobago and Nicaragua have similar top income tax rates (25โ€“30% vs 0โ€“30%).

๐Ÿ›’ VAT/Sales Tax: Nicaragua has a higher consumption tax (12.5% vs 15%).

๐Ÿข Corporate Tax: ๐Ÿ‡ณ๐Ÿ‡ฎ Nicaragua offers a lower corporate rate (30% vs 35%), which can influence business location decisions.

๐Ÿ“ˆ Capital Gains: ๐Ÿ‡น๐Ÿ‡น Trinidad and Tobago taxes investment gains at a lower rate (0% vs 15%), benefiting investors.

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