Trinidad & Tobago, W.I. - STEELBAND instruments are one of several items which will not be subject to the revised Value Added Tax (VAT) regime. This was revealed in a special notice published by the Finance Ministry in the name of Finance Minister Colm Imbert. Referring to the VAT (Amendment to Schedule 2) Order 2016, the ministry said, “This schedule identifies items that are zero-rated. Any item which has not been identified on this schedule is subject to VAT at the rate of 12.5 percent.” Among the items which do not attract the new VAT rate are steelband instruments, listed as number 29 in the notice.
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