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Romania vs Trinidad and Tobago
Tax Rate Comparison

Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.

๐Ÿ‡ท๐Ÿ‡ด Romania
vs
๐Ÿ‡น๐Ÿ‡น Trinidad and Tobago
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
10%
10% flat; potential graduated system under IMF/EU pressure
No change
25โ€“30%
30% top; energy transition planning
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
5โ€“19%
19% standard; possible increase for fiscal consolidation
No change
12.5%
12.5% maintained
No change
Corporate Tax Rate
Corporate Tax Rate
16%
16% maintained; micro regime tightening
No change
25โ€“35%
CIT stable; LNG sector key
No change
Capital Gains Tax
Capital Gains Tax
10%
10% flat; potential reform
No change
0%
No CGT
No change
Social Security & Payroll
Social Security / Payroll
~37.25%
Contribution reform pending; pension system deficit
No change
~13.2%
NIS reform ongoing
No change
State, Regional & Local Taxes

๐Ÿ‡ท๐Ÿ‡ด Romania โ€” Local & County Taxes

Romania's 41 counties (judeลฃe) and Bucharest municipality do not set income tax โ€” this is nationally set. Municipalities levy local taxes including property tax (impozit pe clฤƒdiri, impozit pe teren) and vehicle tax (impozit pe mijloace de transport). Bucharest has higher property tax coefficients than rural areas. A micro-enterprise tax regime (1% or 3% on turnover) applies to small companies instead of standard CIT. Romania has had the EU's lowest flat income tax rate at 10%.

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.

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.

Romania vs Trinidad and Tobago: Key Tax Differences (2026)

๐Ÿ’ฐ Income Tax: ๐Ÿ‡น๐Ÿ‡น Trinidad and Tobago has a higher top income tax rate (10% vs 25โ€“30%). ๐Ÿ‡ท๐Ÿ‡ด Romania is more favourable for high earners.

๐Ÿ›’ VAT/Sales Tax: Romania has a higher consumption tax (5โ€“19% vs 12.5%).

๐Ÿข Corporate Tax: ๐Ÿ‡ท๐Ÿ‡ด Romania offers a lower corporate rate (16% 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 10%), benefiting investors.

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