Trinidad and Tobago vs Cuba
Tax Rate Comparison
Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.
💰 Personal Income Tax Calculator
Enter your income to see your estimated annual tax liability in each country — side by side.
Individual Income Tax (Top Marginal Rate)
VAT / GST / Sales Tax
Corporate Tax Rate
Capital Gains Tax
Social Security & Payroll
🇹🇹 Trinidad and Tobago — 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 — 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.
🇨🇺 Cuba — Provincial & Municipal Taxes
Cuba's 15 provinces and the special municipality of Isla de la Juventud have limited independent taxing powers under the centrally planned socialist system. The ONAT (Oficina Nacional de Administración Tributaria) administers national taxes, while provincial and municipal governments collect local fees for services. Cuba underwent significant economic reform since 2010 — allowing self-employment (cuentapropistas) and private business (MIPYMES from 2021). Currency unification (2021) significantly restructured the fiscal landscape. The US embargo continues to severely distort the economy.
Trinidad and Tobago vs Cuba: Key Tax Differences (2026)
💰 Income Tax: 🇨🇺 Cuba has a higher top income tax rate (25–30% vs 15–50%). 🇹🇹 Trinidad and Tobago is more favourable for high earners.
🛒 VAT/Sales Tax: Trinidad and Tobago has a higher consumption tax (12.5% vs 0%).
🏢 Corporate Tax: Corporate rates are similar in both countries (25–35% vs 35%).
📈 Capital Gains: 🇹🇹 Trinidad and Tobago taxes investment gains at a lower rate (0% vs 35%), benefiting investors.