Jamaica has 16 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 Two of those agreements comply with the minimum standard.
Jamaica signed the MLI in 2018 and listed its non-compliant bilateral agreements. The agreements modified by the MLI come into compliance with the minimum standard once the provisions of the MLI take effect.
Jamaica is implementing the minimum standard through the inclusion of the preamble statement and PPT combined with the LOB.2