Trinidad and Tobago recorded its first killing at 12.15 a.m.
The murder toll for 2018 now stands at five compared to one murder committed on New Year's Day 2017.
Brandon Khan, aka Chinee, was gunned down while liming with friends near his home at Goodwill Street, Enterprise, Chaguanas.
Five other men were also wounded in the shooting.
Police said the men were standing on the roadway when a lone gunman walked up to them and opened fire.
Khan, 23, was shot multiple times about the body.
The injured men were taken to the Chaguanas Health Facility, where Khan died.