Couva Chamber says mandatory tax filing could boost revenue

The Cou­va Point Lisas Cham­ber of Com­merce be­lieves manda­to­ry in­come tax fil­ing could bring mil­lions of dol­lars in ad­di­tion­al rev­enue to the Gov­ern­ment by bring­ing more in­di­vid­u­als and small busi­ness op­er­a­tors in­to the tax sys­tem.

The mea­sure was an­nounced by Fi­nance Min­is­ter Dave Tan­coo dur­ing Mon­day’s pre­sen­ta­tion of the 2026-2027 Na­tion­al Bud­get.

Speak­ing at a news con­fer­ence at the cham­ber’s Cam­den Road head­quar­ters on Mon­day, first vice-pres­i­dent Amit Dass de­scribed the pro­pos­al as a sig­nif­i­cant change to in­come tax mon­i­tor­ing in Trinidad and To­ba­go.