Saint Vincent and the Grenadines
A. Progress in the implementation of the minimum standard
Saint Vincent and the Grenadines has three tax agreements, 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.
Saint Vincent and the Grenadines has not signed the MLI.
Saint Vincent and the Grenadines indicated in its response to the Peer Review questionnaire that steps have been contemplated to implement the minimum standard in its agreement with the United Arab Emirates.
Saint Vincent and the Grenadines also indicated that the agreement with Switzerland does not give rise to material treaty-shopping concerns for Saint Vincent and the Grenadines. In its response to the Peer Review questionnaire, Switzerland also indicated that its agreement with Saint Vincent and the Grenadines did not give rise to material treaty shopping concerns for Switzerland.
B. Conclusion
Saint Vincent and the Grenadines acknowledges that the CARICOM Agreement does not at this stage comply with the minimum standard and that discussions to bring this agreement up to date would 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, Saint Vincent and the Grenadines identified twelve "agreements" in its List of Tax agreements: two 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.