Freelance Contributor
The T&T Automotive Dealers Association (TTADA) says the 2025-2026 national budget was excellent.
TTADA president Visham Babwah said the reduction in the age of foreign-used cars permitted to be imported into T&T from three to six years will result in lower vehicle prices, savings in foreign exchange and fuel savings compounded with the reduction of fuel prices.
Citing an example, Babwah said the Nissan AD Wagon was in high demand until it went out of production in 2024. Babwah said dealers can now import this vehicle for substantially less, noting that it operates on super gasoline and is not a hybrid or electric vehicle.
He said there are many more similar makes and models that can be accessed such as the Toyota Probox, Toyota Axio and Honda Civic.
“I believe that the last PNM administration was deceiving the public where they were using an inflated budget supported by heavy taxation of which a handful of persons benefitted through government contracts. If revenues are managed and there is cut off in nepotism the country can have a budget of $59 billion.”
Babwah said the reinstatement of taxes on luxury electric vehicles would not affect lower and middle income earners.
“I believe that the average man stands to benefit from this budget, whereas in the past the upper class reaped the rewards of taxing the poor.”
Babwah said he supports the landlord tax as he believes people who earn income in T&T should pay taxes her and not dodge the system, once the country’s tax dollars are being used wisely.
He said the increase in the CESS fee at the port was not substantial to cause any price increases.
