Overview
Payroll Cycle
Employer Contributions
Employee Contributions
Minimum Wage
Hiring
Hiring Employees
Hiring Contractors
Hiring Expats
Background Checks
Employment Contracts
Onboarding
Employee Benefits
Social Security
Healthcare and Insurance
Leave Policy
Public Holidays
Work Permit and Work Visa
Probation Period
Notice Period
Termination and Severance
Personal Income Tax
Employer of Record services in Trinidad and Tobago provide comprehensive assistance in managing the payroll cycle, handling employer and employee contributions, ensuring compliance with minimum wage requirements, facilitating the hiring process for employees, contractors, and expatriates, conducting background checks, drafting employment contracts, facilitating onboarding procedures, managing employee benefits, administering social security programs, coordinating healthcare and insurance coverage, overseeing leave policies and public holidays, facilitating work permit and work visa processes, managing probation periods, notice periods, termination, and severance procedures, and providing guidance on personal income tax obligations.
| Overview | |
| Continent | Americas |
| Country | Trinidad and Tobago |
| Capital | Port of Spain |
| Time zone | UTC−04:00 (AST) |
| Total Time zones | 1 |
| Working hours per week | 40 |
| Working week | Monday–Friday |
| Typical hours worked | 8 |
| Personal Tax filing deadline | 30 April. There is an automatic six-month extension to 31 October. |
| Financial Year | 1 October – 30 September |
| Date format | dd/mm/yyyy |
| Currency | Trinidad and Tobago Dollar (TTD) |
| VAT | the standard rate is 12.5% |
| Employers | |
| National Insurance Scheme | 23.80 to 276.2 TTD per week |
| Total Employment Cost | 23.80 to 276.2 TTD per week |
| Employees | |
| National Insurance Scheme | 11.90 to 138.10 TTD per week |
| Health Surcharge | 8.25 TTD |
| Total Employee Cost | Up to 146.35 TTD per week |
| Minimum Wage | |
| Minimum Wage | The minimum wage in Trinidad & Tobago is 17.50 TTD per hour. |
| Payroll | |
| Payroll Cycle | Monthly |
| 13th Salary | There are no provisions in the law regarding 13th salaries. |
| Income Tax | |
| Taxable Income | Tax Rate |
| Less than 1,000,000 TTD | 25% |
| More than 1,000,000 TTD | 30% |