Trinidad and Tobago | Commentary

4.4 Accommodation

Trinidad and Tobago | Commentary

4.4     Accommodation

Accommodation made available to an employee, other than as described in the table in 4.2, will attract a charge to income tax, and as such, the value of the benefit must be added to the employee's chargeable income for the year of income in question.

The value chargeable to tax will be the 'fair rental value', determined as being the value of the rent which the property could obtain on the open market between unrelated parties.

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