Trinidad and Tobago

Tax Deductions for Self Employed

Estimate deductible business expenses and taxable business income.

Source values and deduction rules reviewed on 19 February 2026.

Self-employed deduction inputs

Only include expenses incurred wholly and exclusively for earning business income.

Estimate

Allowable business expenses$68,000.00
Private/non-business portion excluded$12,000.00
Other allowed deductions$0.00
Total deductions used$68,000.00
Estimated taxable business income$172,000.00

Before you file

Keep invoices, receipts, and records for all income and expenses included in your estimate.

Common business costs you may deduct

Only include the business-use share of rent, utilities, materials, tools, transport, and other costs used to earn your business income.

Costs you should not include as full deductions

Exclude personal/private portions and any amount you cannot support with proper records.

Related Trinidad and Tobago Pages