Trinidad and Tobago
A. Progress in the implementation of the minimum standard
Trinidad and Tobago has 17 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 has made a general statement in its response to the Peer Review questionnaire that it intends to implement a detailed LOB as part of its commitment to implement the minimum standard.
B. Conclusion
The CARICOM Agreement does not at this stage comply with the minimum standard and discussions to bring this agreement up to date should be contemplated.2
← 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). In total, Trinidad and Tobago identified 26 "agreements" in its List of Tax agreements: 16 bilateral agreements and the CARICOM Agreement concluded with ten of its treaty partners.
← 2. Revisions to the CARICOM Agreement require an agreement from its eleven treaty partners.