Monday 16 January 2017

Originally posted in Wikipedia - Grenada & Guyana - FATCA - Jan 16, 2017

FATCA - Grenada

On June 30, 2014, Grenada signed a Model 1 agreement with the United States of America in relation to  Foreign Account Tax Compliance Act (FATCA).
https://www.treasury.gov/resource-center/tax-policy/treaties/Pages/FATCA.aspx

FATCA - Guyana
On June 30, 2014, Guyana signed a Model 1 agreement with the United States of America in relation to  Foreign Account Tax Compliance Act (FATCA).
https://www.treasury.gov/resource-center/tax-policy/treaties/Pages/FATCA.aspx

This Model 1 agreement ( Guyana's) includes a reference to the Tax Information Exchange Agreement (Clause 3) which was signed on July 22, 1992 in Georgetown, Guyana which was intended to exchange Tax information on an automatic basis.

In looking at the information on Page 1 of the agreements which were signed with respect to FATCA, I noted that there was a clause which identified A Tax Information Exchange Agreement with the USA, however there was no mention of such an agreement with Grenada.  I am not sure if there is a TIEA between CARICOM so I will keep looking and providing updates 

In the interim, I will keep looking at updates on FATCA as it relates to the Caribbean.

Here is the link to Guyana in Wikipedia https://en.wikipedia.org/wiki/Guyana Read and enjoy...

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