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Palestine vs Trinidad and Tobago: tax rates compared
Trinidad and Tobago's income tax rate is 15pp higher than Palestine's (30% vs 15%). The 200-country average is 28%: Palestine sits below it, Trinidad and Tobago sits above it.
Verified data covers four of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | PS | TT | Difference |
|---|---|---|---|
| Income Tax | 15% | 30% | TT +15 pplargest gap |
| Corporate Tax | 15% | 30% | TT +15 pp |
| VAT | 16% | 12.5% | PS +3.5 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Palestine | 15% | Source: PWC Worldwide Tax Summaries — Palestinian territories (Individual, Taxes on personal income) · as of 2026-02-09 |
| Trinidad and Tobago | 30% | Source: PWC Worldwide Tax Summaries — Trinidad and Tobago (Individual, Taxes on personal income) · as of 2026-06-02 |
| Difference | −15 pp | Trinidad and Tobago higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Palestine | 15% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Trinidad and Tobago | 30% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −15 pp | Trinidad and Tobago higher |
Trinidad and Tobago's corporate tax rate is 15pp higher than Palestine's (30% vs 15%). The 201-country average is 22.6%: Palestine sits below it, Trinidad and Tobago sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Palestine | 16% | Source: PWC Worldwide Tax Summaries — Palestinian territories (Corporate, Other taxes) · as of 2026-02-09 |
| Trinidad and Tobago | 12.5% | Source: PWC Worldwide Tax Summaries — Trinidad and Tobago (Corporate, Other taxes) · as of 2026-06-02 |
| Difference | +3.5 pp | Palestine higher |
Palestine's VAT rate is 3.5pp higher than Trinidad and Tobago's (16% vs 12.5%). The 181-country average is 15%: Palestine sits above it, Trinidad and Tobago sits below it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Palestine | 0% | Source: PWC Worldwide Tax Summaries — Palestinian Territories (Individual, Other taxes) · as of 2026-02-09 |
| Trinidad and Tobago | 0% | Source: PWC Worldwide Tax Summaries — Trinidad and Tobago (Individual, Other taxes) · as of 2026-06-02 |
| Difference | 0 pp | displayed rates match |
Palestine's wealth tax rate is identical to Trinidad and Tobago's — both sit at 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: Capital Gains Tax, Crypto Tax.