Ramish and Leela
Monday, 23 October 2017 13:17

Establishment of the Trinidad and Tobago Revenue Authority

Written by
Rate this item
(1 Vote)

As announced by the Honourable Minister of Finance in his presentation of the 2018 Budget Statement on October 2nd 2017, the Government of Trinidad and Tobago has taken a decision to establish a revenue authority, the Trinidad and Tobago Revenue Authority (TTRA).

The TTRA will be a Government agency, which will be responsible for the collection of government revenue and the provision of other services for the protection of government revenue, including investigation of tax evasion, the conduct of audits and border protection.

The TTRA will subsume the powers, responsibilities and functions of the Board of Inland Revenue and the Customs and Excise Division under the provisions of the Exchequer and Audit Act and all other relevant revenue legislation and regulations.

Government has also taken a decision that all staff in the Inland Revenue Division and the Customs and Excise Division will transition from their respective positions to the TTRA at terms and conditions, no less favourable than those that they currently enjoy, if they so desire. That means that any member of staff who desires to transition to the TTRA will be guaranteed a position in the organisation. One objective of the TTRA is to better compensate, incentivise, train and equip staff to execute their duties more efficiently and effectively.

Staff who do not wish to transition to the TTRA, would be able to remain in the Public Service at terms and conditions no less favourable than those they now enjoy.

In furtherance of this policy, the Ministry of Finance has started the process of mapping the human resources in both agencies. All categories of staff – permanent, temporary, contract, monthly-paid and daily-paid – will be mapped so that the interest of all staff would be protected.

 

Ministry of Finance 

Read 6079 times
  • C SPORTS
  • C SPECIALS
  • Press Releases
It's the first full day of competition at the 2018 CAC Games in Barranquilla, Colombia, and several of our athletes
All roads lead to the Hasely Crawford Stadium tonight, for the final of the First Citizens Cup set for a 7pm kickoff.
Police Rugby Club made a strong start to the TT Rugby Football Union's (TTRFU) five-stage Women's Division Rugby Season
A fine batting display by Stacy-Ann King was not enough to help her team, Trident Sports Phoenix, avoid defeat against
The United States Embassy in collaboration with the Chaguanas Borough Corporation recently brought its four stop sports
Whenever there is a new sport in town, we at C Sport are all about giving it a try, and this was the case recently as
  • 1
  • 2
bottom
Top