Home' Trinidad and Tobago Guardian : March 21st 2014 Contents A56
Guardian www.guardian.co.tt Friday, March 21, 2014
MINISTRY of FINANCE and the ECONOMY
INLAND REVENUE DIVISION
You are reminded that Quarterly Tax Instalments are due and payable on or before --
• March 31st
• June 30th
• September 30th
• December 31st
of each year.
NOTE: Calculation of your Quarterly Income/Corporation Instalments for the current year
of income is based on an estimated chargeable income, which is the chargeable income
of the previous year of income.
NOTE: Calculation of your Business Levy and Green Fund Levy Quarterly Instalments is
based on the actual gross sales/receipt for the respective quarter.
NOTE: Payments not made by these dates will accrue interest at the rate of 20% per
annum from the due dates to the date of payment.
This is guide to calculating your quarterly instalments for 2014.
2013 -- Chargeable Profit
2013 -- Tax on Chargeable Profit - $200,000
2014 -- Estimated Quarterly Tax Payment
200,000 = $50,000
Estimated payment due per quarter = $50,000
NB: Where your 2014 Estimated Chargeable Profit is likely to exceed 2013 Chargeable
Profit you are advised to increase your quarterly payments to accommodate the increased
profit and avoid interest on short payments.
NB: Any short payment or non-payment of quarterly instalment is also subject to
interest at the rate of 20% per annum from the date the payment was due to the date of
payment or April 30, 2014 whichever is earlier.
TAXPAYER RELATIONS SECTION
" Changing the way we interact with People!"
The Trinidad Building and Loan Association
NOTICE OF MEETING
123rd ANNUAL MEETING
Notice is hereby given that the One Hundred and Twenty Third Annual
Meeting of The Trinidad Building and Loan Association will be held at The
Capital Plaza Hotel, Calypso Lounge, Wrightson Road, Port-of-Spain on
Thursday 10th April, 2014 at 5:00 p.m. for the following purposes:-
1. To receive and consider the Financial Statements and the
General Statement of the Affairs of the Association under the
Building Societies Ordinance, Ch.33:04 for the year ended
December 31, 2013 and the reports of the Directors and Auditors
2. To elect Directors.
3. To elect a President and Vice-President.
4. To appoint auditors for the ensuring year at a fee to be fixed by
5. That with effect from April 1, 2014, the remuneration paid to
directors of The Trinidad Building and Loan Association shall be
fixed to an aggregate amount as determined by the members at
the General Meeting.
6. To transact such other ordinary business of the Association as
may directly arise out of the consideration of the Annual Report.
Messrs. John Martin and Percy Farrell - directors who retire by rotation
under Rule 4.2, being eligible, offers themselves for re-election.
During the year, Mr. Afra Raymond resigned as a director and in accordance
with Rule 4.10, the Board of Directors appointed Mr. Leslie Clarke to fill the
vacancy until this Annual General Meeting.
In accordance with Rule 4.6, a nomination has been received for Mr. Leslie
Clarke to be elected as a director. No other nominations have been received
for the vacant posts of Directors.
A member entitled to attend and vote at the meeting is entitled, subjected to
Rule 9.8 of the Rules of the Association, to appoint a proxy to attend and
vote in his stead. A proxy must also be a member of the Association.
The TBLA 2013 Annual Report can be collected at the Association's office.
BY ORDER OF THE BOARD
Patriotism: Love of and devotion
to one s country.
Devotion: Ardent, often selfless
affection and dedication, as to a person
Love: A deep, tender, ineffable feel-
ing of affection and solicitude toward
a person, such as that arising from
kinship, recognition of attractive qual-
ities, or a sense of underlying oneness.
I am writing my column today from
Colorado. At this moment I am sitting
in a hotel room in Colorado Springs
having just visited, earlier today, the
US Olympic Training Centre that is
located in Colorado Springs. Every day
there are guided tours of the facility
that last 30- 45 minutes. It starts with
a video honouring their Olympic
achievements. The current video con-
cludes with a recap of some of the
highlights from the recently concluded
XXII Olympics Winter Games that
took place Sochi, Russia. There were
some major successes and a few major
blunders that took place there for the
US athletes but the video celebrates
and recognises them all. Tears of joy
and tears of disappointment were all
shown---the human element even in
those we regard as "super human."
Our tour guide, Kasey, was a young
man, likely in his mid-20 s whose
knowledge and articulation, posture
and personable nature made the tour
completely seamless. He did a little
trivia during the visit and if you raised
your hand and got it right, you got a
little stack of assorted TOPPS athlete
cards. I went ahead and answered a
question and got my little stack, the
top card being one of the American
soccer goalkeepers, Hope Solo. Coin-
cidence, the name "Asha" means
"hope." How poetic.
Throughout the facility are artistic
impressions and expressions of pride
and honour. Pictures, statues and other
visual representations of athletic apti-
tude in all the sports were sprinkled
throughout the facility, carefully worked
into the design and layout of the
grounds. Such creativity! Inspiration
can be drawn from it no matter who
you are, how old you are, or what your
trade is. If you like sports, this tour
will arouse you.
In the building design for the
strength training area, the windows
were built in like a garage door. Col-
orado Springs sits at an altitude of
6,035 feet above sea level so on days
like the day that I toured, rather than
burning energy to run indoor temper-
ature control units, they can draw up
this garage door of windows and take
advantage of their high altitude along
with the natural climate of Colorado
Springs. It would be a little like training
outdoors without having to train out-
Just before I arrived at the centre,
I saw a cyclist on the road. He had
USA printed on his back and appeared
to be in training mode. As I watched
him pedaling hard with his one leg,
his pace made me wonder, "If he had
two legs would it be possible for him
to go even faster?" The human body
blows my mind. It always has.
There are residence halls on the
campus and a cafeteria as this training
facility is one where the athletes stay
and their lives are heavily focused on
preparing for their events. Olympic
hopefuls are scouted out based on their
performances and they are invited to
train at a facility like this one. The ath-
letes do not receive payment while
they are there but their expenses are
covered with regards to their training
requirements and living arrangements.
The ever costly Olympic dream requires
major investment of the athlete s time
and energy to woo potential corporate
sponsors. Obviously being invited to
train at a US Olympic Training Centre
would be a huge draw for such sup-
So back to my first paragraph: patri-
otism, devotion, love. Nothing sus-
tainable comes without expectations--
not even those things. At this level of
sporting excellence the expectations
will always be huge, from sponsor to
cleaner. To be devoted to and truly be
passionate about sporting excellence
is what makes patriotism possible and
a win/win situation for all.
Let us take a page from their book
and recognise that if we are going to
see sport improve in T&T, we have to
invest in our own. We all have an obli-
gation to invest in ourselves as pro-
fessionals, but with corporate and gov-
ernment support doing its part to invest
in its own people, the sporting industry
can be one step closer to realising
Patriotism, devotion and love
Asha De Freitas-Moseley is a certified
athletic trainer with the National Athletic
Trainers' Association of the USA. She has
over 11 years of experience rehabilitating
athletes and members of the active
population from injury to full play. She can be
reached at Pulse Performance Ltd., located at
#17 Henry Pierre St., St. James. Tel: 221-2437.
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