Divisions

Tax Treaty Unit

Mission:

To provide timely high level analytical and administrative support to the Cabinet appointed Permanent Double Taxation Team, the Trinidad and Tobago Double Taxation Negotiating Team and other stakeholders.

About Tax Treaty Unit:

The Tax Treaty Unit was established by Cabinet Minute 2248 on December 3, 1987, to service both the Permanent Double Taxation Team and the Double Taxation Negotiating Team. The Unit also serves as a resource base for the Ministry on International Taxation matters with a specific focus on the negotiation of international taxation treaties.

The Permanent Double Taxation Team currently comprises:

  • The Permanent Secretary, Ministry of Finance (Chairman);
  • The Chairman, Board of Inland Revenue (Deputy Chairman);
  • The Head of the Tax Treaty Unit (Secretary);
  • The Treasury Solicitor, Ministry of Finance;
  • A Commissioner from the Board of Inland Revenue;
  • The Chief State Counsel, Inland Revenue Division;
  • A representative from the Ministry of Trade and Industry;
  • A representative from the Ministry of Foreign and CARICOM Affairs;
  • A representative from the Ministry of the Attorney General and Legal Affairs.

 

Most countries enter into tax treaties with their major trading partners and many have extensive treaty networks. The purpose of a tax treaty is to remove tax barriers to cross border trade and investment. This is done by providing for the elimination of double taxation, certainty of tax treatment, a reduction of tax rates, the prevention of fiscal evasion, the prevention of tax discrimination, the exchange of tax information and the resolution of tax disputes.

 

Trinidad and Tobago has entered into Double Taxation Agreements with the following countries:

Name of Country Entry into Force
Brazil July 23, 2008
Canada February 8, 1996
CARICOM July 6, 1994
China May 22, 2005
Denmark May 17, 1971
France April 1, 1989
Germany January 28, 1977
India September 5, 1999
Italy April 19, 1974
Luxembourg November 20, 2003
Norway August 7, 1970
Spain February 17, 2009
Sweden December 12, 1984
Switzerland March 20, 1974
United Kingdom December 22, 1983
United States of America December 30, 1970
Venezuela December 31, 1997

 

The contents of the treaties can be viewed at: http://ird.gov.tt/double_taxation_treaties

The Tax Treaty Unit functions include:

 

  • The provision of high level analysis of the expected costs, benefits and risk emanating from prospective negotiations including assessing the impact on the macro-economic objectives of Trinidad and Tobago;
  • The provision of analytical and administrative support to the Trinidad and Tobago negotiating team during negotiations;
  • The analysis of the impact of new and proposed domestic and international taxation rules on existing double taxation treaties and future negotiations;
  • Advising stakeholders on the international aspects of taxation with particular emphasis on double taxation treaties;
  • Ensuring the ratification and publication of Double Taxation Treaties in a timely manner;
  • Maintenance of an up-to-date version of the Trinidad and Tobago Model Double Taxation Treaty Convention;
  • Identifying countries with which tax treaties should be negotiated or renegotiated;
  • Coordination of local and overseas double taxation negotiations between Trinidad and Tobago and prospective treaty partners;
  • Preparation of periodic reports on the status and outcome of double taxation negotiations, the work of the Permanent Double Taxation Team, and activities of external stakeholders including international organisations in the area of international taxation.

The Tax Treaty Unit can be contacted as follows:

Tax Treaty Unit

Level 2

Eric Williams Finance Building

Independence Square

Port-of-Spain

Telephone no. 612-9700, Ext. 1250, 1270, 1268 and 1240

E-mail: taxtreaty@gov.tt