Tax changes announced by the Trinidad and Tobago government in its 2020 Budget were a disappointment for Trinity Exploration & Production (LSE: TRIN) but it continues to trade well.
The Supplemental Petroleum Tax (SPT) investment tax credit has been increased from 20% to 25%. However, that is offset by changing the capital allowances and reducing loss relief from 100% to 75% of taxable profit.
The companies in the oil and gas sector in Trinidad and Tobago are hopeful that further chang...
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