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

Saint Vincent and the Grenadines

A. Progress in the implementation of the minimum standard

Saint Vincent and the Grenadines has three 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 None of those agreements comply with the minimum standard.

Saint Vincent and the Grenadines has not signed the MLI.

Saint Vincent and the Grenadines has signed a bilateral complying instrument with respect to 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

The CARICOM Agreement does not at this stage comply with the minimum standard and discussions to bring this agreement up to date should be continued.1

1. Revisions to the CARICOM Agreement require an agreement from its eleven treaty partners.

Summary of the jurisdiction response – Saint Vincent and the Grenadines

 

	1.Treaty partners	2. Compliance with the standard	3. Signature of a complying instrument	4. Minimum standard provision used
1	United Arab Emirates	No	Yes other

Other agreements

 

	1.Treaty partners	2. Inclusive Framework member
1	CARICOM Agreement treaty partners (Antigua and Barbuda, Barbados, Belize, Dominica, Grenada, Guyana*, Jamaica, Saint Kitts and Nevis, Saint Lucia, Trinidad and Tobago)	Yes (Antigua and Barbuda, Barbados, Belize, Dominica, Grenada, Jamaica, Saint Kitts and Nevis, Saint Lucia, Trinidad and Tobago) No (Guyana*)
2	Switzerland	Yes