Economist Dr Vaalmikki Arjoon has outlined the potential benefits to Trinidad and Tobago arising from a new taxation measure introduced in the Finance Bill 2026, which was passed in the Lower House on Wednesday.

Speaking on the Trinidad and Tobago Today morning show, he explained that the new taxation measure, which targets energy companies, will broaden government revenue earning within the energy sector by improving tax collection and broadening the tax base.

“With the new fiscal terms being offered, this 8% royalty and the 130% of qualifying expenditure to be deducted over five years, that could very well help to reverse the underinvestment in these marginal fields and improve the economics of developing these smaller marginal fields.”