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Trinidad & Tobago

Looking to expand into Trinidad & Tobago?

Population

1,353,895 (2016 estimate)

Gross Domestic Product

$44.654 billion (2017 estimate)

Inflation Rate

1.2% (September 2017)

Currency

Trinidad and Tobago Dollar (TTD)

Calling Country Code

+868

Timezone

UTC – 4:00

FAQs Trinidad & Tobago

Frequently asked questions about Payroll and HR services, PEO, HR outsourcing/EOR and compliance services in Trinidad & Tobago

Important Note: Labor and tax regulations change frequently. Before making decisions, validate percentages and rules in force with official sources or local compliance teams.

How does payroll work in Trinidad & Tobago?

– Frequency: monthly or bi-weekly.
– No statutory 13th salary; discretionary bonuses common.
– Vacations per contract/tenure.

How much is the hiring cost in Trinidad & Tobago?

– Registration with NIBTT (National Insurance), PAYE tax system.
– Market benefits: health insurance, transport, occupational pension schemes.

Employer social security taxes

– Employer contributions to NIBTT (social security benefits); private pension plans if
offered; income tax withheld via PAYE.

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