Wednesday 14 September 2016

Originally posted on Facebopok as "Financial Planning Tip November 17, 2015 - 004 Availability of Acts of Parliament"

"Just a bit of reminiscing! In the old days, to obtain a copy of an Act of Parliament, one would visit the Government Printery which was located at Victoria Avenue and Tragarete Road, Port of Spain and purchase a printed version of the Act.

With the change in location of the Govt Printery and the availability of the ...Acts online, the individual bears the cost of printing the Act!. Other pieces of legislation are also available online! 

Here is a link to the Board of Inland Revenue site, where one can access the (17) Treaties on Withholding Tax. These are treaties which were signed between Governments of different countries and which offer relief from double taxation. 

The earliest treaties were signed in 1969 and were between Denmark & Trinidad and Tobago and Trinidad and Tobago and Norway. In 1971 there were treaties signed between Trinidad and Tobago and Italy and between T&T and the United States of America.

Understanding and applying the concepts which are covered in the treaties, takes the relief which is offered under the treaties to another level. Here is the link to the page with the treaties: http://www.ird.gov.tt/double_taxation_treaties"

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