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Trinidad and Tobago vs Thailand
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‡ญ Thailand
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€“35%
Stable structure; digital economy workers taxed
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
12.5%
12.5% maintained
No change
7%
7% maintained; discussion to restore 10% continues
No change
Corporate Tax Rate
Corporate Tax Rate
25โ€“35%
CIT stable; LNG sector key
No change
20%
20% stable; Pillar Two compliance for qualifying groups
No change
Capital Gains Tax
Capital Gains Tax
0%
No CGT
No change
0โ€“35%
Listed shares remain exempt; property gains at income rates
No change
Social Security & Payroll
Social Security / Payroll
~13.2%
NIS reform ongoing
No change
10%
SSF reforms ongoing; coverage expansion
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‡ญ Thailand โ€” Municipal & Local Organization Taxes

Thailand's 77 provinces contain various Local Administrative Organizations (LAOs) โ€” municipalities, sub-district organizations (TAO), and special areas (Bangkok, Pattaya). LAOs levy Local Development Tax (LDT) on land at low rates (0.01%โ€“0.5% of assessed value). The Land and Building Tax (LBT) implemented in 2020 applies at 0.01%โ€“3% based on use type. Bangkok has the highest real estate values. The Revenue Department administers national taxes centrally.

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 Thailand: Key Tax Differences (2026)

๐Ÿ’ฐ Income Tax: ๐Ÿ‡น๐Ÿ‡ญ Thailand has a higher top income tax rate (25โ€“30% vs 0โ€“35%). 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 7%).

๐Ÿข Corporate Tax: ๐Ÿ‡น๐Ÿ‡ญ Thailand offers a lower corporate rate (20% 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 35%), benefiting investors.

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