Average Tax Analyst Salary in Trinidad and Tobago for 2024

In this article, we will look at the average Tax Analyst salary for 2024 in Trinidad and Tobago and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Trinidad and Tobago dollar. To keep things simple, we are using the TTD currency code instead of the currency symbol $.

How Much Does a Tax Analyst Make in Trinidad and Tobago?

A Tax Analyst working in Trinidad and Tobago will typically earn around 134,600 TTD per year, and this can range from the lowest average salary of about 60,880 TTD to the highest average salary of 209,500 TTD.

Average Annual Salary
134,600 TTD
Average Monthly Salary
11,216 TTD

Lowest Annual Salary
60,880 TTD
Lowest Monthly Salary
5,073 TTD

Highest Annual Salary
209,500 TTD
Highest Monthly Salary
17,458 TTD

These are average salaries for a Tax Analyst in Trinidad and Tobago and include benefits such as housing and transport. It's also possible for a Tax Analyst to earn more or less than the average salaries shown above.

Tax Analyst salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Tax Analyst Salaries in Trinidad and Tobago

So we've looked at the average salaries a Tax Analyst will earn in Trinidad and Tobago. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Tax Analyst can earn between 60,880 TTD and 209,500 TTD on average in Trinidad and Tobago. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Tax Analyst in Trinidad and Tobago is 142,300 TTD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 142,300 TTD, and 50% of the population earn more than 142,300 TTD.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Tax Analyst salary in Trinidad and Tobago, 25% of the population are earning less than 93,140 TTD while 75% of the population earn more than 93,140 TTD.

75% of the population earn less than 192,600 TTD, and 25% of the population earn more than 192,600 TTD.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Tax Analyst Salary by Experience Level in Trinidad and Tobago

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average tax analyst salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Tax Analyst in Trinidad and Tobago that has less than two years of experience can expect to earn somewhere in the region of 70,260 TTD.
  • 2 - 5 Years Experience. With two to five years of experience the average Tax Analyst salary would increase to 93,340 TTD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Tax Analyst, the average salary would be 137,400 TTD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 168,100 TTD.
  • 15 - 20 Years Experience. A Tax Analyst with 15 to 20 years of experience can earn an average of 183,600 TTD.
  • 20+ Years Experience. For a Tax Analyst with more than 20 years, the expected average salary increases to 195,200 TTD.

Average Salary by Experience Chart

0-2 Years
70,260 TTD
2-5 Years +34%
93,340 TTD
5-10 Years +48%
137,400 TTD
10-15 Years +22%
168,100 TTD
15-20 Years +9%
183,600 TTD
20+ Years +8%
195,200 TTD

Tax Analyst Salary by Education Level in Trinidad and Tobago

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Tax Analyst in Trinidad and Tobago based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. A Tax Analyst in Trinidad and Tobago with a high school education can earn an average salary of 84,180 TTD.

  • Certificate or Diploma. A Tax Analyst in Trinidad and Tobago with a certificate or diploma education can earn an average salary of 100,580 TTD.

  • Bachelor's Degree. A Tax Analyst in Trinidad and Tobago with a bachelor's degree education can earn an average salary of 146,200 TTD.

  • Master's Degree. A Tax Analyst in Trinidad and Tobago with a master's degree education can earn an average salary of 192,000 TTD.

Average Salary by Education Chart

High School
84,180 TTD
Certificate or Diploma +18%
100,580 TTD
Bachelor's Degree +45%
146,200 TTD
Master's Degree +31%
192,000 TTD

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Trinidad and Tobago is around 48,800 to 147,000 TTD and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Tax Analyst Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Trinidad and Tobago, a male tax analyst will earn an average of 139,100 TTD, while a female tax analyst will earn around 125,700 TTD.

This means that a male tax analyst earns approximately 11% more than a female tax analyst for performing the same job.

Average Salary by Gender Chart in Trinidad and Tobago

Male
139,100 TTD
Female -11%
125,700 TTD

Tax Analyst Average Pay Raise in Trinidad and Tobago

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Tax Analyst in Trinidad and Tobago is around 7% every 29 months.

The national average pay raise across all professions and industries in Trinidad and Tobago is around 4% every 29 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 7 ÷ 29 ) × 12  = 3%

What this means is that a Tax Analyst in Trinidad and Tobago can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Trinidad and Tobago for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Trinidad and Tobago.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
3%
Energy
6%
Information Technology
9%
Healthcare
3%
Travel
6%
Construction
9%
Education
3%

Tax Analyst Bonus and Incentive Rates in Trinidad and Tobago

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Tax Analyst is a low bonus based job, with 42% of employees reporting at least one bonus in the last 12 months.

58% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 2% to 7%.

Received Bonus
42%
No Bonus
58%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Trinidad and Tobago earn approximately 12% more than private sector employees in the same role.

Public Sector
125,700 TTD
Private Sector -12%
112,460 TTD

Salaries for Jobs Similar to a Tax Analyst

In the table below, we have salary information for jobs that are similar to a Tax Analyst in Trinidad and Tobago.

Job Title Category Salary
Account Examiner Accounting and Finance 59,660 TTD
Account Executive Accounting and Finance 109,720 TTD
Accountant Accounting and Finance 85,460 TTD
Accounting Analyst Accounting and Finance 103,900 TTD
Accounting Assistant Accounting and Finance 66,140 TTD
Accounting Associate Accounting and Finance 64,640 TTD
Accounting Clerk Accounting and Finance 50,660 TTD
Accounting Coordinator Accounting and Finance 72,380 TTD
Accounting Head Accounting and Finance 174,000 TTD
Accounting Manager Accounting and Finance 172,200 TTD
Accounting Officer Accounting and Finance 63,320 TTD
Accounting Specialist Accounting and Finance 119,500 TTD
Accounting Supervisor Accounting and Finance 113,740 TTD
Accounting Technician Accounting and Finance 60,340 TTD
Accounting Unit Controller Accounting and Finance 143,200 TTD
Accounts Executive Accounting and Finance 111,000 TTD
Accounts Officer Accounting and Finance 70,940 TTD
Accounts Payable and Receivable Specialist Accounting and Finance 85,020 TTD
Accounts Payable Assistant Accounting and Finance 66,940 TTD
Accounts Payable Associate Accounting and Finance 73,020 TTD
Accounts Payable Clerk Accounting and Finance 61,780 TTD
Accounts Payable Manager Accounting and Finance 167,100 TTD
Accounts Receivable Administrator Accounting and Finance 118,380 TTD
Accounts Receivable Clerk Accounting and Finance 64,180 TTD
Accounts Receivable Financial Analyst Accounting and Finance 120,040 TTD
Accounts Receivable Manager Accounting and Finance 172,200 TTD
Accounts Receivable Team Leader Accounting and Finance 119,900 TTD
Assistant Accountant Accounting and Finance 61,840 TTD
Assistant Accounting Manager Accounting and Finance 164,200 TTD
Assistant Auditor Accounting and Finance 80,020 TTD
Assistant Corporate Controller Accounting and Finance 115,620 TTD
Assistant Finance Manager Accounting and Finance 172,200 TTD
Assistant Financial Controller Accounting and Finance 113,840 TTD
Audit Director Accounting and Finance 189,300 TTD
Audit Supervisor Accounting and Finance 159,500 TTD
Auditing Clerk Accounting and Finance 70,940 TTD
Auditing Manager Accounting and Finance 180,300 TTD
Billing Clerk Accounting and Finance 63,380 TTD
Billing Coordinator Accounting and Finance 75,220 TTD
Billing Specialist Accounting and Finance 83,900 TTD
Billing Supervisor Accounting and Finance 127,700 TTD
Bookkeeper Accounting and Finance 55,020 TTD
Bookkeeping Specialist Accounting and Finance 83,420 TTD
Budget Analyst Accounting and Finance 148,300 TTD
Budget Manager Accounting and Finance 180,500 TTD
Business Support Analyst Accounting and Finance 89,340 TTD
Capital Markets Associate Accounting and Finance 128,900 TTD
Cash Flow Analyst Accounting and Finance 136,100 TTD
Cash Management Manager Accounting and Finance 161,300 TTD
Cash Management Officer Accounting and Finance 94,380 TTD
Cashbook Clerk Accounting and Finance 57,820 TTD
Chartered Accountant Accounting and Finance 108,800 TTD
Chief Accountant Accounting and Finance 129,000 TTD
Collections Clerk Accounting and Finance 50,180 TTD
Collections Representative Accounting and Finance 71,660 TTD
Collections Specialist Accounting and Finance 87,520 TTD
Corporate Controller Accounting and Finance 137,400 TTD
Corporate Treasurer Accounting and Finance 161,300 TTD
Cost Accountant Accounting and Finance 87,000 TTD
Cost Accounting Manager Accounting and Finance 172,200 TTD
Cost Accounting Supervisor Accounting and Finance 136,200 TTD
Cost Analyst Accounting and Finance 138,800 TTD
Credit and Collection Manager Accounting and Finance 172,200 TTD
Credit and Collection Staff Accounting and Finance 65,080 TTD
Credit and Loans Officer Accounting and Finance 60,480 TTD
Credit Controller Accounting and Finance 123,400 TTD
Credit Manager Accounting and Finance 172,400 TTD
Debt Adviser Accounting and Finance 136,200 TTD
Debt Collector Accounting and Finance 67,900 TTD
Debtors Clerk Accounting and Finance 56,460 TTD
Debtors Controller Accounting and Finance 63,320 TTD
Deputy CFO Accounting and Finance 225,700 TTD
Deputy Head of Finance Accounting and Finance 233,600 TTD
Derivative Trader Accounting and Finance 143,200 TTD
Director of Finance Accounting and Finance 239,000 TTD
Economist Accounting and Finance 190,500 TTD
Equity Analyst Accounting and Finance 143,200 TTD
Escrow Assistant Accounting and Finance 74,940 TTD
Executive Accountant Accounting and Finance 97,300 TTD
External Auditor Accounting and Finance 123,400 TTD
Finance Administrator Accounting and Finance 101,840 TTD
Finance Analyst Accounting and Finance 152,100 TTD
Finance Associate Accounting and Finance 74,300 TTD
Finance Director Accounting and Finance 239,000 TTD
Finance Executive Accounting and Finance 187,500 TTD
Finance Licensing Clerk Accounting and Finance 63,480 TTD
Finance Licensing Manager Accounting and Finance 158,700 TTD
Finance Licensing Specialist Accounting and Finance 91,380 TTD
Finance Manager Accounting and Finance 231,000 TTD
Finance Officer Accounting and Finance 78,160 TTD
Finance President Accounting and Finance 259,100 TTD
Finance Relationship Manager Accounting and Finance 194,600 TTD
Finance Release Analyst Accounting and Finance 96,680 TTD
Finance Specialist Accounting and Finance 138,200 TTD
Finance Team Leader Accounting and Finance 181,600 TTD
Financial Accountant Accounting and Finance 85,020 TTD
Financial Actuary Accounting and Finance 124,400 TTD
Financial Administrator Accounting and Finance 138,800 TTD
Financial Advisor Accounting and Finance 154,700 TTD
Financial Analyst Accounting and Finance 152,000 TTD
Financial Applications Specialist Accounting and Finance 106,980 TTD
Financial Assistant Accounting and Finance 72,360 TTD
Financial Associate Accounting and Finance 70,700 TTD
Financial Associate Accounting and Finance 84,780 TTD
Financial Claims Analyst Accounting and Finance 115,220 TTD
Financial Claims Manager Accounting and Finance 159,100 TTD
Financial Claims Supervisor Accounting and Finance 136,200 TTD
Financial Clerk Accounting and Finance 67,360 TTD
Financial Commercial Analyst Accounting and Finance 125,100 TTD
Financial Compliance Analyst Accounting and Finance 143,200 TTD
Financial Consultant Accounting and Finance 113,420 TTD
Financial Controller Accounting and Finance 128,500 TTD
Financial Controller Accounting and Finance 138,200 TTD
Financial Coordinator Accounting and Finance 78,400 TTD
Financial Customer Service Manager Accounting and Finance 152,300 TTD
Financial Dealer and Broker Accounting and Finance 91,560 TTD
Financial Director Accounting and Finance 245,300 TTD
Financial Encoder Accounting and Finance 72,420 TTD
Financial Manager Accounting and Finance 225,300 TTD
Financial Manager Accounting and Finance 233,600 TTD
Financial Operations Manager Accounting and Finance 225,300 TTD
Financial Policy Analyst Accounting and Finance 129,000 TTD
Financial Project Manager Accounting and Finance 175,900 TTD
Financial Quantitative Analyst Accounting and Finance 138,800 TTD
Financial Reporting Consultant Accounting and Finance 127,700 TTD
Financial Reporting Manager Accounting and Finance 159,100 TTD
Financial Section Head Accounting and Finance 157,600 TTD
Financial Services Manager Accounting and Finance 215,100 TTD
Financial Services Sales Agent Accounting and Finance 94,800 TTD
Fixed Assets Administrator Accounting and Finance 90,620 TTD
Forensic Accountant Accounting and Finance 98,820 TTD
Fraud Detection Supervisor Accounting and Finance 106,160 TTD
Fraud Prevention Manager Accounting and Finance 180,300 TTD
Fund Accountant Accounting and Finance 78,960 TTD
Grants Coordinator Accounting and Finance 67,560 TTD
Group Financial Manager Accounting and Finance 239,000 TTD
Internal Auditor Accounting and Finance 109,740 TTD
Internal Control Adviser Accounting and Finance 136,200 TTD
Internal Control Officer Accounting and Finance 77,620 TTD
International Tax Director Accounting and Finance 207,700 TTD
Inventory Accountant Accounting and Finance 87,020 TTD
Investment Advisor Accounting and Finance 218,900 TTD
Investment Analyst Accounting and Finance 164,200 TTD
Investment Associate Accounting and Finance 137,400 TTD
Investment Broker Accounting and Finance 142,300 TTD
Investment Fund Manager Accounting and Finance 187,500 TTD
Investment Operations Manager Accounting and Finance 194,600 TTD
Investment Underwriter Accounting and Finance 70,840 TTD
Investor Accounting and Finance 106,960 TTD
Investor Relations Manager Accounting and Finance 172,200 TTD
KYC Team Leader Accounting and Finance 169,000 TTD
Loan Processor Accounting and Finance 69,240 TTD
Management Accountant Accounting and Finance 90,660 TTD
Management Economist Accounting and Finance 197,600 TTD
Paymaster Accounting and Finance 70,940 TTD
Payroll Administrator Accounting and Finance 111,000 TTD
Payroll Benefits Coordinator Accounting and Finance 91,520 TTD
Payroll Billing Manager Accounting and Finance 152,000 TTD
Payroll Clerk Accounting and Finance 77,400 TTD
Payroll Manager Accounting and Finance 161,300 TTD
Payroll Officer Accounting and Finance 75,280 TTD
Payroll Specialist Accounting and Finance 91,380 TTD
Payroll Supervisor Accounting and Finance 102,620 TTD
Pensions Administrator Accounting and Finance 90,900 TTD
Personal Financial Advisor Accounting and Finance 125,700 TTD
Pricing Analyst Accounting and Finance 148,300 TTD
Private Equity Analyst Accounting and Finance 152,000 TTD
Project Accountant Accounting and Finance 91,960 TTD
Proposal Development Coordinator Accounting and Finance 77,400 TTD
Receivables Accountant Accounting and Finance 80,280 TTD
Regulatory Accountant Accounting and Finance 93,100 TTD
Retirement Plan Analyst Accounting and Finance 137,400 TTD
Revenue Management Specialist Accounting and Finance 146,200 TTD
Revenue Recognition Analyst Accounting and Finance 159,500 TTD
Risk Management Director Accounting and Finance 209,500 TTD
Risk Management Supervisor Accounting and Finance 159,500 TTD
Staff Accountant Accounting and Finance 77,340 TTD
Tax Accountant Accounting and Finance 79,280 TTD
Tax Administrator Accounting and Finance 92,300 TTD
Tax Advisor Accounting and Finance 128,900 TTD
Tax Associate Accounting and Finance 70,700 TTD
Tax Consultant Accounting and Finance 138,800 TTD
Tax Director Accounting and Finance 189,300 TTD
Tax Examiner Accounting and Finance 88,620 TTD
Tax Manager Accounting and Finance 169,000 TTD
Tax Research Manager Accounting and Finance 172,200 TTD
Teller Accounting and Finance 50,520 TTD
Treasury Accountant Accounting and Finance 87,040 TTD
Treasury Analyst Accounting and Finance 148,300 TTD
Underwriter Accounting and Finance 58,800 TTD
Underwriting Assistant Accounting and Finance 57,360 TTD
Vice President of Finance Accounting and Finance 233,900 TTD

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