Country Payroll Guide Trinidad & Tobago

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Key Facts

Capital
Port of Spain
Date format
dd/mm/yyyy
Currency
Trinidad and Tobago Dollar (TTD)
VAT
the standard rate is 12.5%

Contributions

Employers

National Insurance Scheme
National Insurance Scheme - 23.80 to 276.20 TTD per week
Total Employment Cost
Total Employment Cost - 23.80 to 276.20 TTD per week

Employees

National Insurance Scheme
National Insurance Scheme - 11.90 to 138.10 TTD per week
Health Surcharge
Health Surcharge - 8.25 TTD
Total Employee Cost
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

Employee Income Tax (1)
Less than 1,000,000 TTD - 25%
Employee Income Tax (2)
More than 1,000,000 TTD - 30%

Working Hours

General Working Hours

40 hours per week.

Overtime

The first four hours of overtime is paid at 150% of the employee’s regular salary, increasing to 200% after four hours. On public holidays, employees are entitled to 200% of their normal salary, increasing to 300% for overtime.

Leave

Paid Time Off

Employees are entitled to 2 weeks of annual leave once they have worked a minimum of 1 year.

Public Holidays

13 public holidays.

Sick Days

All employees are entitled to 14 days of sick leave each year.

Maternity Leave

Mothers are entitled to 14 weeks of paid maternity leave.

Paternity Leave

There are no statutory laws for paternity leave.

Parental Leave

There are no provisions in the law regarding parental leave.

Other Leave

N/A.

Termination

Termination Process

Employers must provide reasonable cause for terminating an employee’s contract.

Notice Period

Minimum of 45 days.

Severance Pay

Where severance pay is required (redundancy or retirement), the following rates will apply:

  • More than 1 year but less than 5 = 2 weeks’ pay for each year of service
  • More than 5 years = 3 weeks’ pay for each year of service
Probation Period

Up to 6 months.

Visa

Employment Visa

Most foreign nationals don’t need a visa to travel to Trinidad and Tobago for short visits. However, they’ll need to obtain a work permit to stay for more than three months.