Regulatory Alerts2020-01-01
Miscellaneous Provisions (Heritage and Stabilisation Fund, Government Savings Bonds and Value Added Tax) Act, 2020
The Parliament of Trinidad and Tobago enacted this Act to amend the Heritage and Stabilisation Fund Act, the Government Savings Bonds Act, and the Value Added Tax Act. The legislation permits withdrawals from the Heritage and Stabilisation Fund up to one and a half billion dollars during financial years marked by disasters, infectious disease outbreaks, or precipitous declines in oil and gas revenues. Additionally, the Act authorizes the Minister to issue bonds to meet tax refund liabilities, establishing specific provisions for bond denominations, fiscal agents, and regulatory oversight.
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