Prevention of Tax Treaty Abuse – Fourth 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, 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

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	No

Other agreements

 

	1.Treaty partners	2. Inclusive Framework member
1	Antigua and Barbuda	Yes
2	Barbados	Yes
3	Belize	Yes
4	Dominica	Yes
5	Grenada	Yes
6	Guyana*	No
7	Jamaica	Yes
8	Saint Kitts and Nevis	Yes
9	Saint Lucia	Yes
10	Switzerland	Yes
11	Trinidad and Tobago	Yes