Grenada
Grenada has not yet introduced a requirement for the filing of CbC reports, as required under the BEPS Action 13 (CbC reporting) minimum standard.
Grenada has four 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). 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, Grenada identified thirteen "agreements" in its List of Tax agreements: three bilateral agreements and the CARICOM Agreement. None of those agreements comply with the minimum standard.
La Grenade compte quatre conventions fiscales en vigueur, comme l’indique sa réponse au questionnaire d’examen par les pairs, y compris la convention multilatérale entre les membres de la CARICOM conclue avec dix de ses partenaires (la convention de la CARICOM) Accord entre les gouvernements des États membres de la Communauté des Caraïbes tendant à éviter la double imposition et à prévenir l’évasion fiscale en matière d’impôts sur le revenu, sur les profits ou les gains en capital et pour l’encouragement du commerce régional et de l’investissement, 6 juillet 1994, Saint-Michel (Barbade) ; entre Antigua-et-Barbuda (18 février 1998), Barbade (7 juillet 1995), le Belize (30 novembre 1994), Dominique (19 juin 1996), Grenade (1er mars 1996), le Guyana* (26 novembre 1997), Jamaïque (16 février 1995), Saint-Kitts-et-Nevis (8 mai 1997), Sainte-Lucie (22 mai 1995), Saint-Vincent-et-les-Grenadines (12 février 1998) et Trinité-et-Tobago (29 novembre 1994). Au total, la Grenade a notifié 13 « accords » dans sa liste de conventions fiscales : trois conventions bilatérales et la convention de la CARICOM.. Aucune de ces conventions n’est conforme au standard minimum.
Grenada can legally issue the following five types of rulings within the scope of the transparency framework: (i) preferential regimes; (ii) cross-border unilateral APAs and any other cross-border unilateral tax rulings (such as an advance tax ruling) covering transfer pricing or the application of transfer pricing principles; (iii) rulings providing for unilateral downward adjustments; (iv) permanent establishment rulings; and (v) related party conduit rulings.
Grenada’s legal framework implementing the AEOI Standard is not in place in accordance with the requirements of the AEOI Terms of Reference. While Grenada’s international legal framework to exchange the information with all of Grenada’s Interested Appropriate Partners (CR2) is consistent with the requirements, Grenada’s domestic legislative framework requiring Reporting Financial Institutions to conduct the due diligence and reporting procedures (CR1) has significant deficiencies in areas that are fundamental to the proper functioning of the AEOI Standard. More specifically, deficiencies have been identified in Grenada’s enforcement framework and in other key areas.
Grenada does not yet have legislation in place to implement the BEPS Action 13 minimum standard.
Grenada has four 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). In total, Grenada identified thirteen "agreements" in its List of Tax agreements: three bilateral agreements and the CARICOM Agreement.
La Grenade compte quatre conventions fiscales en vigueur, comme l’indique sa réponse au questionnaire d’examen par les pairs, y compris la convention multilatérale entre les membres de la CARICOM conclue avec dix de ses partenaires (la convention de la CARICOM)Au total, la Grenade a notifié 13 « accords » dans sa liste de conventions fiscales : trois conventions bilatérales et la convention de la CARICOM..
Grenada can legally issue the following five types of rulings within the scope of the transparency framework: (i) preferential regimes; (ii) cross-border unilateral APAs and any other cross-border unilateral tax rulings (such as an advance tax ruling) covering transfer pricing or the application of transfer pricing principles; (iii) rulings providing for unilateral downward adjustments; (iv) permanent establishment rulings; and (v) related party conduit rulings. The Inland Revenue Division has a structure in place where an independent tax tribunal can issue rulings in scope of the transparency framework. To date, Grenada has never issued any rulings in scope of the transparency framework.
This report is Grenada’s first annual peer review report. Consistent with the agreed methodology this report covers: (i) the domestic legal and administrative framework, (ii) the exchange of information framework as well as (iii) the appropriate use of CbC reports.
La Grenade compte quatre conventions fiscales en vigueur, comme l’indique sa réponse au questionnaire d’examen par les pairs, y compris la convention multilatérale entre les membres de la CARICOM conclue avec dix de ses partenaires (la convention de la CARICOM) Au total, la Grenade a notifié 13 « accords » dans sa liste de conventions fiscales : trois conventions bilatérales et la convention de la CARICOM..
Grenada has four 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). In total, Grenada identified 13 "agreements" in its List of Tax agreements: three bilateral agreements and the CARICOM Agreement.