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Trinidad and Tobago Revenue Authority (TTRA) - To Be Implemented

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generic
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Re: Trinidad and Tobago Revenue Authority (TTRA) - To Be Implemented

Postby generic » September 17th, 2024, 7:11 am

sMASH wrote:
pugboy wrote:heard this business registration thing going after doubles vendors as first priority
What is this about, haven't seen any papers or official release


https://www.guardian.co.tt/news/imbert- ... c5226dbdc4

generic
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Re: Trinidad and Tobago Revenue Authority (TTRA) - To Be Implemented

Postby generic » September 17th, 2024, 7:19 am

Exactly, these business should be registered. Not exactly sure why there's a fuss about having to legally register your business. It doesn't change anything in regards to the tax you should already be paying unless of course you weren't paying taxes. And those sole traders making less than $90,000 a year will still have no taxes to pay as that's covered by their personal allowance credit.

hover11 wrote:Isn't that how it it should be though....mini marts, barbers , vendors are businesses which makes a profit. I hate imbert with a passion don't get me wrong but is it right that only a portion of the population contributes to the revenue of country while everyone benefits from such?
pugboy wrote:man say anybody doing business of any sorts need to be registered as business
parlor, coconut vendor, barber $300 per day fine

sMASH wrote:
pugboy wrote:heard this business registration thing going after doubles vendors as first priority
What is this about, haven't seen any papers or official release

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hover11
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Re: Trinidad and Tobago Revenue Authority (TTRA) - To Be Implemented

Postby hover11 » September 17th, 2024, 7:44 am

The only thing sure in life is death and taxes, everything else is a bonus. We hadda be fair. Now if ppl want to discuss the mismanagement of taxes and by extension ,the economy I am in full support of such but we have to pay our taxes.
generic wrote:Exactly, these business should be registered. Not exactly sure why there's a fuss about having to legally register your business. It doesn't change anything in regards to the tax you should already be paying unless of course you weren't paying taxes. And those sole traders making less than $90,000 a year will still have no taxes to pay as that's covered by their personal allowance credit.

hover11 wrote:Isn't that how it it should be though....mini marts, barbers , vendors are businesses which makes a profit. I hate imbert with a passion don't get me wrong but is it right that only a portion of the population contributes to the revenue of country while everyone benefits from such?
pugboy wrote:man say anybody doing business of any sorts need to be registered as business
parlor, coconut vendor, barber $300 per day fine

sMASH wrote:
pugboy wrote:heard this business registration thing going after doubles vendors as first priority
What is this about, haven't seen any papers or official release

pugboy
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Re: Trinidad and Tobago Revenue Authority (TTRA) - To Be Implemented

Postby pugboy » September 17th, 2024, 8:01 am

how much effort going into these new tax net measures vs cracking down on mismgmt
folks going to public hospital who never paid taxes


hover11 wrote:The only thing sure in life is death and taxes, everything else is a bonus. We hadda be fair. Now if ppl want to discuss the mismanagement of taxes and by extension ,the economy I am in full support of such but we have to pay our taxes.
generic wrote:Exactly, these business should be registered. Not exactly sure why there's a fuss about having to legally register your business. It doesn't change anything in regards to the tax you should already be paying unless of course you weren't paying taxes. And those sole traders making less than $90,000 a year will still have no taxes to pay as that's covered by their personal allowance credit.

hover11 wrote:Isn't that how it it should be though....mini marts, barbers , vendors are businesses which makes a profit. I hate imbert with a passion don't get me wrong but is it right that only a portion of the population contributes to the revenue of country while everyone benefits from such?
pugboy wrote:man say anybody doing business of any sorts need to be registered as business
parlor, coconut vendor, barber $300 per day fine

sMASH wrote:
pugboy wrote:heard this business registration thing going after doubles vendors as first priority
What is this about, haven't seen any papers or official release

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zoom rader
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Re: Trinidad and Tobago Revenue Authority (TTRA) - To Be Implemented

Postby zoom rader » September 17th, 2024, 8:23 am

Just register ur business and declared a loss every year to advoid paying PNM taxes.

U declare a loss by reinvesting in ur own business , buy cars, land and declare as loss. Pay no PNM taxes

Big businesses do this all around the world, it how Amazon operates

Or operate under the tax bracket, make sure ur cost is more than profit

Pay urself, use a network of sub contractors.

Thats how PNM contractors advoid paying taxes

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j.o.e
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Re: Trinidad and Tobago Revenue Authority (TTRA) - To Be Implemented

Postby j.o.e » September 17th, 2024, 9:04 am

zoom rader wrote:Just register ur business and declared a loss every year to advoid paying PNM taxes.

U declare a loss by reinvesting in ur own business , buy cars, land and declare as loss. Pay no PNM taxes

Big businesses do this all around the world, it how Amazon operates

Or operate under the tax bracket, make sure ur cost is more than profit

Pay urself, use a network of sub contractors.

Thats how PNM contractors advoid paying taxes


If Kamla wins does it become UNC taxes that should be paid ? Asking for a friend

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mero
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Re: Trinidad and Tobago Revenue Authority (TTRA) - To Be Implemented

Postby mero » September 17th, 2024, 9:17 am

zoom rader wrote:Just register ur business and declared a loss every year to advoid paying PNM taxes.

U declare a loss by reinvesting in ur own business , buy cars, land and declare as loss. Pay no PNM taxes

Big businesses do this all around the world, it how Amazon operates

Or operate under the tax bracket, make sure ur cost is more than profit

Pay urself, use a network of sub contractors.

Thats how PNM contractors advoid paying taxes
Spoken like an Indian in a suit.

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hover11
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Re: Trinidad and Tobago Revenue Authority (TTRA) - To Be Implemented

Postby hover11 » September 17th, 2024, 9:43 am

Pug,

Look at it wholistically not just from one aspect of public Healthcare. Simple thing as garbage disposal, that's a cost, education, I pretty sure when these non contributors reach 65 they will be applying for senior citizens grant . These initiatives cost money
pugboy wrote:how much effort going into these new tax net measures vs cracking down on mismgmt
folks going to public hospital who never paid taxes


hover11 wrote:The only thing sure in life is death and taxes, everything else is a bonus. We hadda be fair. Now if ppl want to discuss the mismanagement of taxes and by extension ,the economy I am in full support of such but we have to pay our taxes.
generic wrote:Exactly, these business should be registered. Not exactly sure why there's a fuss about having to legally register your business. It doesn't change anything in regards to the tax you should already be paying unless of course you weren't paying taxes. And those sole traders making less than $90,000 a year will still have no taxes to pay as that's covered by their personal allowance credit.

hover11 wrote:Isn't that how it it should be though....mini marts, barbers , vendors are businesses which makes a profit. I hate imbert with a passion don't get me wrong but is it right that only a portion of the population contributes to the revenue of country while everyone benefits from such?
pugboy wrote:man say anybody doing business of any sorts need to be registered as business
parlor, coconut vendor, barber $300 per day fine

sMASH wrote:
pugboy wrote:heard this business registration thing going after doubles vendors as first priority
What is this about, haven't seen any papers or official release

User avatar
zoom rader
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Re: Trinidad and Tobago Revenue Authority (TTRA) - To Be Implemented

Postby zoom rader » September 17th, 2024, 10:07 am

j.o.e wrote:
zoom rader wrote:Just register ur business and declared a loss every year to advoid paying PNM taxes.

U declare a loss by reinvesting in ur own business , buy cars, land and declare as loss. Pay no PNM taxes

Big businesses do this all around the world, it how Amazon operates

Or operate under the tax bracket, make sure ur cost is more than profit

Pay urself, use a network of sub contractors.

Thats how PNM contractors advoid paying taxes


If Kamla wins does it become UNC taxes that should be paid ? Asking for a friend
Why u dont go and ask her

I am not a member of UNC nor does Unc have any representation in Tobago that i know off, to which i reside

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zoom rader
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Re: Trinidad and Tobago Revenue Authority (TTRA) - To Be Implemented

Postby zoom rader » September 17th, 2024, 10:09 am

mero wrote:
zoom rader wrote:Just register ur business and declared a loss every year to advoid paying PNM taxes.

U declare a loss by reinvesting in ur own business , buy cars, land and declare as loss. Pay no PNM taxes

Big businesses do this all around the world, it how Amazon operates

Or operate under the tax bracket, make sure ur cost is more than profit

Pay urself, use a network of sub contractors.

Thats how PNM contractors advoid paying taxes
Spoken like an Indian in a suit.
1% does it even Virgin , Amazon, Fedex, Trump ect.

They dont teach black people these things, only gangs, drugs, crime.

Its not an injun in a suit u should be worried about, its the rubber slippers indjuns

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sMASH
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Re: Trinidad and Tobago Revenue Authority (TTRA) - To Be Implemented

Postby sMASH » September 17th, 2024, 4:37 pm

generic wrote:
sMASH wrote:
pugboy wrote:heard this business registration thing going after doubles vendors as first priority
What is this about, haven't seen any papers or official release


https://www.guardian.co.tt/news/imbert- ... c5226dbdc4
Tnx

Not becisee it good for the country , but cause is whst the globalists say ...
Sri Lanka crash, Germany de industrialization , eu del reassure , Japan decline cause thry alll adopting globalists recommendations
IMG_20240917_162645.jpg

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sMASH
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Re: Trinidad and Tobago Revenue Authority (TTRA) - To Be Implemented

Postby sMASH » September 17th, 2024, 4:42 pm

pugboy wrote:how much effort going into these new tax net measures vs cracking down on mismgmt
folks going to public hospital who never paid taxes


hover11 wrote:The only thing sure in life is death and taxes, everything else is a bonus. We hadda be fair. Now if ppl want to discuss the mismanagement of taxes and by extension ,the economy I am in full support of such but we have to pay our taxes.
generic wrote:Exactly, these business should be registered. Not exactly sure why there's a fuss about having to legally register your business. It doesn't change anything in regards to the tax you should already be paying unless of course you weren't paying taxes. And those sole traders making less than $90,000 a year will still have no taxes to pay as that's covered by their personal allowance credit.

hover11 wrote:Isn't that how it it should be though....mini marts, barbers , vendors are businesses which makes a profit. I hate imbert with a passion don't get me wrong but is it right that only a portion of the population contributes to the revenue of country while everyone benefits from such?
pugboy wrote:man say anybody doing business of any sorts need to be registered as business
parlor, coconut vendor, barber $300 per day fine

sMASH wrote:
pugboy wrote:heard this business registration thing going after doubles vendors as first priority
What is this about, haven't seen any papers or official release
Paying professionals 10's if k's by the department loads , to track down peoole making hundreds of dollars a day selling doubles and pie.


America irs have guns now, to go after errant businesses .


As the ole saying goes , thry weren't able to determine al capone a criminal , but they did determine he didn't pay sufficient taxes .



Now they know how much money peole have by changing the hundred dollars , they know trini have money to cough up

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sMASH
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Re: Trinidad and Tobago Revenue Authority (TTRA) - To Be Implemented

Postby sMASH » September 17th, 2024, 4:43 pm

zoom rader wrote:Just register ur business and declared a loss every year to advoid paying PNM taxes.

U declare a loss by reinvesting in ur own business , buy cars, land and declare as loss. Pay no PNM taxes

Big businesses do this all around the world, it how Amazon operates

Or operate under the tax bracket, make sure ur cost is more than profit

Pay urself, use a network of sub contractors.

Thats how PNM contractors advoid paying taxes
Unrealized capital gains ...

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hover11
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Re: Trinidad and Tobago Revenue Authority (TTRA) - To Be Implemented

Postby hover11 » September 17th, 2024, 4:51 pm

Idk Zoom sounds like borderline fraud and tax evasion
zoom rader wrote:Just register ur business and declared a loss every year to advoid paying PNM taxes.

U declare a loss by reinvesting in ur own business , buy cars, land and declare as loss. Pay no PNM taxes

Big businesses do this all around the world, it how Amazon operates

Or operate under the tax bracket, make sure ur cost is more than profit

Pay urself, use a network of sub contractors.

Thats how PNM contractors advoid paying taxes

User avatar
zoom rader
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Posts: 30525
Joined: April 22nd, 2003, 12:39 pm
Location: Grand Cayman

Re: Trinidad and Tobago Revenue Authority (TTRA) - To Be Implemented

Postby zoom rader » September 17th, 2024, 6:16 pm

hover11 wrote:Idk Zoom sounds like borderline fraud and tax evasion
zoom rader wrote:Just register ur business and declared a loss every year to advoid paying PNM taxes.

U declare a loss by reinvesting in ur own business , buy cars, land and declare as loss. Pay no PNM taxes

Big businesses do this all around the world, it how Amazon operates

Or operate under the tax bracket, make sure ur cost is more than profit

Pay urself, use a network of sub contractors.

Thats how PNM contractors advoid paying taxes
Its not Fraud nor Tax evasion, its using the laws that is provided.

I worked offshore as an independent trader in UK and used the laws to pay less taxes.

I had my own limited company, worked for myself and paid myself as a director of my company. I only paid cooperate taxes as a company along with other loop holes to pay even less tax.

Read how to buy a Jet by Lewis Hamilton and advoid paying UK taxes

https://www.bbc.com/news/uk-41886607

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