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Trinidad and Tobago vs Taiwan
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‡น๐Ÿ‡ผ Taiwan
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
5โ€“40%
Stable system; cross-strait tax issues remain complex
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
12.5%
12.5% maintained
No change
5%
5% maintained; one of world's lowest VAT rates
No change
Corporate Tax Rate
Corporate Tax Rate
25โ€“35%
CIT stable; LNG sector key
No change
20%
20% maintained; Pillar Two compliance
No change
Capital Gains Tax
Capital Gains Tax
0%
No CGT
No change
0%
No CGT on securities; land value tax on property
No change
Social Security & Payroll
Social Security / Payroll
~13.2%
NIS reform ongoing
No change
~31%
NHI funding adequacy review; labor insurance adjustments
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‡น๐Ÿ‡ผ Taiwan โ€” Municipal & County Tax Levies

Taiwan's 6 special municipalities (including Taipei, New Taipei, Kaohsiung), 3 cities, and 13 counties each levy local taxes including land value tax (1%โ€“5.5% of announced land value), house tax (1.5%โ€“3.6% on residential; 3%โ€“5% commercial), and vehicle license tax. Land Value Increment Tax (LVIT) on land price gains is a major revenue source. The National Taxation Bureau administers national income and business taxes.

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 Taiwan: Key Tax Differences (2026)

๐Ÿ’ฐ Income Tax: ๐Ÿ‡น๐Ÿ‡ผ Taiwan has a higher top income tax rate (25โ€“30% vs 5โ€“40%). ๐Ÿ‡น๐Ÿ‡น Trinidad and Tobago is more favourable for high earners.

๐Ÿ›’ VAT/Sales Tax: Trinidad and Tobago has a higher consumption tax (12.5% vs 5%).

๐Ÿข Corporate Tax: ๐Ÿ‡น๐Ÿ‡ผ Taiwan offers a lower corporate rate (20% vs 35%), which can influence business location decisions.

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