Trinidad and Tobago
A. Progress in the implementation of the minimum standard
Trinidad and Tobago has 16 tax agreements in force, as reported in its response to the Peer Review questionnaire, including the multilateral agreement among the members of the CARICOM concluded with ten treaty partners (the CARICOM Agreement).1
None of those agreements comply with the minimum standard.
Trinidad and Tobago has not signed the MLI.
Trinidad and Tobago indicated in its response to the Peer Review questionnaire that it intends to implement the minimum standard through the inclusion of the preamble statement and the PPT combined with the simplified LOB.
In its response to the Peer Review questionnaire, Italy indicated that its agreement with Trinidad and Tobago did not give rise to material treaty shopping concerns for Italy.
B. Conclusion
Trinidad and Tobago is currently developing a plan, in consultation with the Secretariat, for the implementation of the minimum standard in its agreements with Brazil, Canada, China (People’s Republic of), France, Germany, India, Italy, Luxembourg, Norway, Spain, Sweden, Switzerland, and the United Kingdom.
Note
← 1. Agreement Among the Governments of the Member States of the Caribbean Community for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income, Profits or Gains and Capital Gains and for the Encouragement of Regional Trade and Investment, St. Michael Barbados, 6 July 1994; between: Antigua and Barbuda (18 February 1998), Barbados (7 July 1995), Belize (30 November 1994), Dominica (19 June 1996), Grenada (1 March 1996), Guyana* (26 November 1997), Jamaica (16 February 1995), St. Kitts/Nevis (8 May 1997), St. Lucia (22 May 1995) St. Vincent (12 February 1998) and Trinidad & Tobago (29 November 1994).