TTSPCA welcomes animal shelter tax concession

In a significant move to support animal welfare, the Trinidad and Tobago government has announced tax concessions for corporate and individual contributions to registered animal shelters. Finance Minister Davendranath Tancoo unveiled this initiative during the national budget presentation on October 13 at the Red House. The proposal includes amendments to the Corporation Tax Act and the Income Tax Act, allowing companies and individuals to claim deductions for their donations to approved shelters. Companies can deduct up to 15% of their chargeable profits or $100,000 annually, while individuals can claim up to 20% of their total income or $20,000 per year. These changes, set to take effect on January 1, 2026, aim to bolster the efforts of shelters in controlling stray populations, promoting spaying and neutering, and enhancing public health and environmental sanitation. Sita Kuruvilla, chairman of the TT Society for the Prevention of Cruelty to Animals (TTSPCA), expressed optimism about the new policy, highlighting its potential to attract more support and reduce the financial burden on shelters. The TTSPCA, which faced imminent closure in September 2024 due to funding shortages, hopes this initiative will encourage more donations and ensure the sustainability of their operations.