Trinidad and Tobago’s House of Representatives approved the comprehensive Finance Bill 2025 following extensive parliamentary deliberations that extended into Friday evening. The legislation, which passed with a simple majority vote without requiring division, introduces sweeping amendments across 21 distinct legislative frameworks.
The landmark bill establishes novel taxation structures while substantially elevating penalties for violations impacting public health and safety protocols. It further modernizes regulations governing border control processes and enhances disclosure requirements for imported goods to strengthen national security protections.
Finance Minister Davendranath Tancoo spearheaded the legislative initiative alongside six additional contributors including San Fernando East MP Brian Manning and Caroni Central MP David Lee. The debate culminated in committee-stage modifications before final approval.
Opposition Leader Pennelope Beckles delivered scathing criticism during deliberations, characterizing the legislation as fundamentally misguided. “These measures will paradoxically intensify public hardship rather than alleviate economic pressures,” Beckles asserted. She condemned the framework as resembling a “punishment plan” that imposes extreme burdens on citizens.
The Opposition Leader specifically challenged new landlord registration mandates and property description requirements, arguing these constitute effectively disguised housing taxes. Beckles further questioned the interplay between proposed surcharges and existing business levies, demanding clarification on property tax reimbursement timelines.
Beckles recalled previous governmental positions against taxation, accusing current leadership of dishonesty regarding operational smoothness since assuming power. Parliamentary proceedings will resume on December 9th for deliberation of the Summary Offences Amendment Bill 2025.