8.14.25 Trinidad and Tobago 2026 Statutory Table
Statutory itemCurrent 2026 figure in the payroll engineEquation used by payrollOperational rule used in Eprecus PAYE personal allowanceTTD 72,000 annual personal allowanceAnnual taxable earnings less TTD 72,000 allowance, then apply the current tax bandsEprecus ERP deducts the allowance before annualized tax is calculated so the period withholding stays aligned to the approved Trinidad and Tobago tax pack. PAYE standard band25.00% on chargeable income up to TTD 1,000,000min(chargeable income, TTD 1,000,000) multiplied by 25.00%The engine annualizes taxable pay first, applies the lower band, then converts the result back to the selected payroll frequency. PAYE high band30.00% on chargeable income above TTD 1,000,000max(0, chargeable income less TTD 1,000,000) multiplied by 30.00%Amounts above the TTD 1,000,000 threshold move into the higher band automatically once annualized earnings cross the cutoff. NISCombined contribution 16.20% using NIB class tables; 2026 highest weekly insurable earnings class TTD 3,138 with maximum weekly contribution TTD 508.50Use the approved weekly or monthly NIS class table to derive employee and employer portions from insurable earningsEprecus ERP relies on the class-based NIS structure rather than a single flat ceiling rule because Trinidad and Tobago statutory treatment is tied to contribution classes published by the NIB. NIS employee portionTypically derived as one-third of the class contribution; at the highest published weekly class this is TTD 169.50 weeklyClass contribution multiplied by employee shareThis employee amount reduces net pay and should be checked carefully whenever compensation changes push a worker into a new NIS class. This employee and employer split is inferred from the published NIB class schedule. NIS employer portionTypically derived as two-thirds of the class contribution; at the highest published weekly class this is TTD 339.00 weeklyClass contribution multiplied by employer shareThis employer-only statutory cost does not reduce net pay but must be reviewed before finance receives payroll-cost outputs. This employee and employer split is inferred from the published NIB class schedule. Health SurchargeCommon current treatment: TTD 8.25 weekly where weekly earnings exceed TTD 469.99, TTD 4.80 weekly where weekly earnings are TTD 469.99 or less, and nil below TTD 200 weeklyApply the weekly statutory band tied to earnings level, then convert according to payroll frequency where configuredThe health surcharge is not handled like a percentage tax. The payroll engine uses band-based logic so clerks should verify the selected statutory band when reviewing lower-paid or irregular workers.