Trinidad and Tobago committed to commence exchanges under the AEOI Standard in 2018.
Trinidad and Tobago has not yet put in place a domestic legislative framework and does not yet have an international legal framework to exchange the information. It has also not yet put in place technical solutions necessary to receive and validate information reported by Reporting Financial Institutions.
It should be noted that the review of Trinidad and Tobago’s legal frameworks implementing the AEOI Standard concluded with the determination that its domestic legal framework and its international legal framework is Not In Place. This has been taken into account when reviewing the effectiveness of Trinidad and Tobago’s implementation of the AEOI Standard in practice.
Trinidad and Tobago advised that its Parliament has approved primary domestic legislation. However, it will not be proclaimed as law until after the required administrative arrangements are in place.