Prevention of Tax Treaty Abuse – Sixth Peer Review Report on Treaty Shopping

Saint Lucia

A. Progress in the implementation of the minimum standard

Saint Lucia has two 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 Neither of those agreements comply with the minimum standard.

Saint Lucia has not signed the MLI.

Saint Lucia indicated in its response to the Peer Review questionnaire that steps have been taken (other than under the MLI) to implement the minimum standard in the CARICOM Agreement.

Saint Lucia indicated in its response to the Peer Review questionnaire that the agreement with Switzerland did not at this stage give rise to material treaty shopping concerns for Saint Lucia. In its response to the Peer Review questionnaire, Switzerland also indicated that its agreement with Saint Lucia did not give rise to material treaty shopping concerns for Switzerland.

B. Conclusion

No jurisdiction has raised any concerns about their agreements with Saint Lucia.

Summary of the jurisdiction response – Saint Lucia

 

	1.Treaty partners	2. Compliance with the standard	3. Signature of a complying instrument	4. Minimum standard provision used
1	CARICOM Agreement treaty partners (Antigua and Barbuda, Barbados, Belize, Dominica, Grenada, Guyana*, Jamaica, Saint Kitts and Nevis, Saint Vincent and the Grenadines, Trinidad and Tobago)	No	No

Other agreements

 

	1.Treaty partners	2. Inclusive Framework member
1	Switzerland	Yes