Bir Form 440 Emo – Fill Out and Use This PDF

The BIR 440 EMO form is an official government document from the Republic of Trinidad and Tobago, specifically designed for individuals to report emolument income for the year 2014. Endorsed by the Ministry of Finance and the Economy's Inland Revenue Division, this form plays a crucial role under the Income Tax Act, and the Finance Act. It requires meticulous completion in black ink and encapsulates various sections such as registration information, tax computation, and declarations to accurately assess and submit one's income tax return. To methodically file your income tax return using the BIR 440 EMO form, click the button below.

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Bir Form 440 Emo PDF Details

In the realm of taxation and fiscal responsibility, the Individual Income Tax Return form for 2014, designated as BIR 440 Emo, represents a critical document for citizens of Trinidad and Tobago. Issued by the Ministry of Finance and the Economy's Inland Revenue Division, this form caters exclusively to individuals declaring emolument income. It stands as a testament to the government's structured approach towards tax collection, clearly outlined by its adherence to the Income Tax Act, Chap. 75:01, and further amendments under the Finance Act, No. 14 of 1987. This document meticulously guides residents through the process of reporting their income, allowable deductions, and ultimately computing their tax liability. It stresses the importance of accuracy and transparency by reminding filers of the penalties associated with false declarations. From basic registration details to intricate computations involving deductions for tertiary education expenses, first-time homeowner allowances, and the intricacies of calculating chargeable income and tax credits, the BIR 440 Emo form encapsulates the financial due diligence expected from the citizens. Moreover, it serves as a conduit for the government to offer certain tax reliefs, such as those for contributions to approved pension plans and investments in green technology, reflecting broader policy goals concerning education, housing, and environmental sustainability. The form, therefore, not only functions as a vehicle for tax collection but also as a reflection of the socio-economic policies influencing the Republic of Trinidad and Tobago.

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Form Name	Bir Form 440 Emo
Form Length	5 pages
Fillable?	No
Fillable fields	0
Avg. time to fill out	1 min 15 sec
Other names	corporation tax trinidad forms, income tax forms, income tax return form 440 emo for 2013 for trinidad and tobago, 2014 tax return forms trinidad

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GOVERNMENT OF THE REPUBLIC OF TRINIDAD AND TOBAGO

Ministry of Finance and the Economy, Inland Revenue Division

INDIVIDUAL INCOME TAX RETURN FOR 2014

EMOULMENT INCOME ONLY

Approved by the Board of Inland Revenue under Section 76 of the Income Tax Act, Chap. 75:01 and the Finance Act, No. 14 of 1987.

*V1-14440EMOP01*

V1-14440EMOP01

PLEASE PRINT IN BLOCK LETTERS

USE BLACK INK ONLY

REGISTRATION INFORMATION CHANGE

NAME CHANGE

ADDRESS CHANGE

IDENTIFICATION SECTION

2014

FORM 440 EMO

LAST NAME

	FIRST NAME	MIDDLE NAME

	PRESENT ADDRESS (STREET NO. AND NAME)

	CITY OR TOWN		COUNTRY

	MAILING ADDRESS IF DIFFERENT FROM ABOVE (STREET NO. AND NAME)

	CITY OR TOWN		COUNTRY

OCCUPATION OR PROFESSION

EMAIL ADDRESS				TELEPHONE/MOBILE CONTACT #

BIR File No.

Spouse's BIR File No.

Date of Birth (DD MM YYYY)

National Identification No.

Driver's Permit No.

PIN No. (Electronic Birth Certificate No.)

Please tick the appropriate box
	Resident	Male


		Female
	Non-Resident

TAX COMPUTATION SECTION

INCOME			To Nearest Dollar, Omit Cents/Commas
1	Income from Employment (Government and Non-Government) as per TD4 enclosed	1

2	Retirement Severance Benefit - See Instructions 13	2

3	Pensions from sources within/outside T&T	3

4	TOTAL EMOLUMENT INCOME (SUM OF LINES 1 TO 3)	4

5	Less Travelling Expenses - See Instruction 12	5

6	NET EMPLOYMENT INCOME (LINE 4 MINUS LINE 5)	6

7	Gross Amount Received on Cancellation of Approved Deferred Annunity/Pension Plan - See Instruction 15	7
		7

8	Employer's Contribution to Approved Deferred Annunity/Pension Plan (Taxable Benefit) Complete Schedule A	8

9	TOTAL INCOME (SUM of LINES 6 to 8)	9

DEDUCTIONS

10Tertiary Education Expenses (limited to $60,000 per household) See Instruction 21

11First-Time Acquisition of House in respect of Owner Occupied Property (Limited to $18,000) See Instruction 22

12Covenanted Donations (Limited to 15 % of Line 9) - See Instruction 23

13TOTAL NET INCOME (LINE 9 MINUS SUM OF LINES 10 -12)

14Deduct Personal Allowance - $60,000 - See Instruction 24

15ASSESSABLE INCOME (LINE 13 MINUS LINE 14)

16Approved Pension Plan/Scheme/Deferred Annuity Plan - See Instruction 25

17Contributions to Widows' and Orphans' Fund - See Instruction 25

18National Insurance Payments - 70% Allowable - See Instruction 25

19SUM OF LINES 16 TO 18 (LIMITED TO $30,000)

Visit our website at www.ird.gov.tt		Page 1
		18650

	V1-14440EMOP02	V1-14440EMOP02

		B IR NO.
DEDUCTIONS CONT'D

2014

FORM 440 EMO

	20	Employer's NIS Contributions paid for domestic workers - See Instruction 25	20

	21	Alimony/Maintenance Payment [(Page 3, Schedule B) See Instruction 17 (Please complete Schedule B)]	21

	22	TOTAL DEDUCTIONS (ADD LINES 19 TO 21)	22

	23	CHARGEABLE INCOME (LINE 15 MINUS LINE 22)	23

24		TAX ON CHARGEABLE INCOME (25% OF LINE 23)	24

25		Total Tax Credits and Double Taxation Relief [(See Instructions 18 & 20) (Please complete Schedule C)]	25
		TOTAL TAX CREDIT AMOUNT LIMITED TO LINE 24	25
		TOTAL TAX CREDIT AMOUNT LIMITED TO LINE 24
	26	Income Tax Liability (Line 24 minus Line 25)	26

PREPAYMENTS

	27	Tax Deductions Re: Cancellation of Approved Deferred Annuity/Pension Plan	27

	28	INCOME TAX DEDUCTED (PAYE) PER T.D. 4 CERTIFICATE/S ENCLOSED	28

	29	TOTAL PREPAYMENTS (LINES 27 TO 28)	29

	30	If Line 26 is Greater than Line 29 - Enter Difference - Balance Payable	30

	31	If Line 26 is Less than Line 29 - Enter Difference - Refund	31

HEALTH SURCHARGE COMPUTATION

								Rate per week		No. of weeks		Liability
32								Rate per week			(3)
								(1)

										(2)



	(a)	Income more than $469.99 per month or $109.00 per week						$			$
								$
								8.25
								8.25

	(b)	Income equal to or less than	$469.99	per month	or			$			$
	(b)	Income equal to or less than	$469.99	per month	or			4.80			$
		$109.00 per week						4.80
		$109.00 per week
	(c)	Total Liability [Col. 3(a) + 3(b)]	...	...	...	...	...	...	...	...	$
	(c)	Total Liability [Col. 3(a) + 3(b)]	...	...	...	...	...	...	...	...	$
	(d)	Health Surcharge Deducted per T.D.4 Certificate/s attached				...	...	...	...	...	$


	(e)	If Line (c) is greater than Line (d) - Balance of Health Surchage payable					...	...	...	...	$



	(f)	If Line (c) is less than Line (d) - Overpayment ...			...	...	...	...	...	...	$
											$

GENERAL DECLARATION

IT IS AN OFFENCE PUNISHABLE BY FINE OR IMPRISONMENT TO MAKE A FALSE RETURN

PLEASE SIGN GENERAL DECLARATION

I, .......................................................................................declare that in all statements contained herein and

in any statement of accounts sent herewith I have to the best of my judgement and belief, given a full and true

Return, and, particulars of the whole of the Income from every source whatsoever required		to be returned under the
provisions of the Income Tax Act, Chapter 75:01 and the Finance Act, No. 14 of 1987.
Given under my hand this	day of	2015.

.......................................................................

Signature of Taxpayer, or Authorized Agent

FOR OFFICIAL USE ONLY

Place Date Received Stamp Here

Page 2	18650

*V1-14440EMOP03* V1-14440EMOP03

B IR NO.

2014

FORM 440 EMO

SCHEDULE A

EMPLOYER'S CONTRIBUTION TO APPROVED FUND OR CONTRACT [Section 134(6) OF THE INCOME TAX ACT]

(See Instruction No. 16)

COMPUTATION TO DETERMINE WHETHER BENEFIT IS TAXABLE

													To Nearest Dollar, Omit Cents/Commas

1	Total Emolument Income at Page 1, Line 4 $				plus Line 7	$			...	...	...	...	...
1	Total Emolument Income at Page 1, Line 4 $			........................		$			...	...	...	...	...

					plus Line 7
2	Employer's Contributions to Approved Fund/Contract [TD4 - Box 10, Sec. 134(6)]							...	...	...	...	...	...


3	Total Income (Sum of Lines 1 to 2)		...	...	...		...	...	...	...	...	...	...
3	Total Income (Sum of Lines 1 to 2)		...	...	...		...	...	...	...	...	...	...


4	(a)	Tertiary Education Expenses (limited to $60,000 per househhold)					...	...	...	...
4	(a)						...	...	...	...
	(b)	Employee's Total Contributions to Approved Pension Plan /						$
	(b)	Employee's Total Contributions to Approved Pension Plan /
		Scheme / Deferred Annuity Plan	...	...	...		...
		Scheme / Deferred Annuity Plan	...	...	...		...
	(c)	National Insurance Payment						$


		[Total of (b) and (c) not to exceed $30,000]		...	...		...


	(d)	First Time Acquisition of House (limited to $18,000)			...		...	...	...	...
	(d)	First Time Acquisition of House (limited to $18,000)			...		...	...	...	...
	(e)	Covenanted Donation. (See Page 1 Line 12)		...	...		...	...	...	...
	(e)	Covenanted Donation. (See Page 1 Line 12)		...	...		...	...	...	...

				TOTAL ...		...	...		...	...	...	...

5		Subtotal - (Line 3 minus Line 4)	...	...	...	...	...		...	...	...	...
5		Subtotal - (Line 3 minus Line 4)	...	...	...	...	...		...	...	...	...


6		Deduct Personal Allowance - $60,000		...	...	...	...		...	...	...	...
6		Deduct Personal Allowance - $60,000		...	...	...	...		...	...	...	...


7		Chargeable Income (Line 5 minus Line 6)		...	...	...	...		...	...	...	...
7		Chargeable Income (Line 5 minus Line 6)		...	...	...	...		...	...	...	...


8		Compute 1/3 of Chargeable Income at Line 7 above, or 20% of Emolument Income at
8
		Page 1, Line 4 (whichever is greater)		...	...	...	...		...	...	...	...

9		(a) Contributions by Employer to Approved Fund / Contract (TD4 - Box 10)						...	...
9								...	...
		(b) Total Contributions by Employee to Approved Pension Plan/Scheme/Deferred Annuity Plan ...							...




	10 Taxable Benefit (Enter on Page 1, line 8)
		(a) Where the total at Line 9 is greater than Line 8 the taxable benefit is the total at Line 9(a)						...	...	...	...	...

(b)Where the total of Line 9 is less than the total of Line 8 the taxable benefit is "0"

SCHEDULE B

ALIMONY OR MAINTENANCE PAYMENTS

(Attach Copy of Court Order/Deed of Separation and Proof of Payment)

(See Instruction No. 17)

Name of Spouse		Deed of Separation
		Court Order or Decree
	First Name	Date (DDMMYYYY)	Registered No.

	Last Name	Country of Origin

	Address of Spouse	BIR No. of Spouse
	Address of Spouse	BIR No. of Spouse
	Street
	Street

If Spouse is a Non-Resident enter below

WITHHOLDING TAX INFORMATION

Date Paid (DDMMYYYY)

Reciept No.

Tax Paid To Nearest Dollar, Omit Cents/Commas

City / Town	Country

MAINTENANCE OR ALIMONY PAID

Enter on Page 2, line 21

Page 3	18650

*V1-14440EMOP04* V1-14440EMOP04

B IR NO.

2014

FORM 440 EMO

SCHEDULE C

TAX CREDITS

(See Instruction No. 18)

VENTURE CAPTIAL TAX CREDIT

(a)

Venture Capital Company in			Amount of				Highest Marginal			Venture Capital					Credit		Credit			Credit to be Carried
which Investment is held			Investment				Rate of Tax in year			Credit				Brought			Claimed				Forward
										[Cols. (2) x (3)]				Forward						[Cols. (4) + (5) - (6)]
(1)			(2)				(3)				(4)			(5)			(6)			(7)
			$				%				$			$			$			$




Ente r total of Column (6) in Summary of Tax Cre dits , line (a)

							CNG KIT AND CYLINDER TAX CREDIT
(b)

Motor Vehicle		Date of Purchase and						Total Cost of CNG Kit				Tax Credit - 25% of						Tax Credit Claimed Limited to a
Registration No.		Installation of CNG							and Cylinder					Total Cost					Maximum of $10,000
			Kit and Cylinder										[Col.(3) x 25%]
(1)									(3)					(4)					(5)
		(2)							$					$					$



Ente r total of Column (5) in Summary of Tax Cre dits , line (b)

(c)					SOLAR WATER HEATING EQUIPMENT TAX CREDIT
	Residential Address of Property					Date of Purchase of Solar					Total Cost of Solar				Tax Credit - 25% of				Tax Credit Claimed Limited to a
						Water Heating Equipment					Water Heating					Total Cost			Maximum of $10,000
												Equipment				[Col. (3) x 25%]
		(1)				(2)					(3)				(4)				(5)
											$				$				$



Enter total of Column (5) in Summary of Tax Cre dits , line (c)

								SUMMARY OF TAX CREDITS
																To Ne are s t Dollar, Omit Ce nts /Commas
	(a)Venture Capital Tax Credit			...		...			...	...	...
	(a)Venture Capital Tax Credit			...		...			...	...	...
	(b) CNG Kit and Cylinder Tax Credit					...			...	...	...


	(c) Solar Water Heating Equipment Tax Credit ...								...	...	...


	Total of Tax Credits, Lines (a) to (c). Enter Total on page 2, Line 25									...	...

Page 4	18650

Name of Taxpayer ……………………………………………….

B.I.R. Number ……………………………………………………

ATTACH ALL DOCUMENTS TO THIS PAGE

CHECKLIST OF ATTACHMENTS (IF APPLICABLE)

WHERE COPIES ARE REQUESTED PLEASE RETAIN ORIGINAL DOCUMENTS FOR AT LEAST SIX (6) YEARS

Original stamped and initialed T.D.4 forms from employers and/or Pensions Department.

If the full period of 52 weeks is not covered by the T.D.4 form(s), attach a statement giving reasons for the unaccounted period.

Statement in respect of allowable travelling expenses claimed supported by a letter from your employer certifying that

you are required to travel in the course of your official duties. Where a dispensation has been granted attach a copy of the BIR’s approval.

Proof of Payment of Covenanted Donations (Copy of Official Receipt from Approved Charity).

Original documents from Insurance Companies/Financial Institutions in respect of cancellation of Deferred Annuity/Savings Plan.

Tertiary education expenses – attach a detailed statement of expenses incurred together with copies of a letter of acceptance/registration from the institution, evidence of remittance of funds example receipts, bank drafts or cancelled cheques. (SEE Instruction No. 21).

First Time Acquisition of Home – (with effect from January 1, 2011) Original Statement from Financial Institution/Sworn Affidavit confirming First Time Acquisition and date property was acquired. Completion certificate if property was constructed. Lands and Buildings Taxes Receipt. (Copy of Certificate of Assessment if applicable).

Copy of Court Order/Deed of Separation showing Alimony and/or Maintenance payable. Attach proof of payment. Where payments are made in accordance with a Magistrates’ Court Order for common-law relationship, attach a Sworn

Affidavit.

Original Certificates/statements for Deferred Annuity/Tax Savings Plans showing premiums paid and stating that the Plan was approved by the Board of Inland Revenue.

Copies of receipts of National Insurance payments made on behalf of domestic workers.

Conversion to guest house – approval from the Minister with the responsibility for Tourism, detailed statement of expenditure and Completion Certificate.

Original certificate of all interest/dividend received and tax deducted therefrom.

Venture Capital Company Tax Credit Certificate.

Copy of Receipt of purchase and installation cost of CNG Kit and Cylinder and Certified Copy of ownership of vehicle.

Copy of Receipt of purchase of Solar Water Heating Equipment.

Certificate of Pensions received from abroad – Certificate of Assessment.

For each source of income shown on Schedule E, Page 5, include - statement showing gross income, gross profit, expenses or deductions and net income, a copy of partnership accounts (if you are a partner) and relevant certificates in respect of exempt income.

HAVE YOU SIGNED THE FORM?

GO BACK TO PAGE 2 – GENERAL DECLARATION

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