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The Minister of Finance Davendranath Tancoo says the Customs and Excise Division’s classification ruling on certain mild-hybrid vehicles does not remove or alter existing tax relief available to qualifying vehicles.
The statement comes amid concerns raised in the media and on social media following the issuance of General Order No. 24 of 2026 on July 22nd, which addressed the classification of certain mild-hybrid vehicles and their tax treatment.
The Minister said meetings were held with the Trinidad and Tobago Automotive Dealers Association (TTADA) on July 27th and July 30th to discuss concerns raised by its members.
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