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Saint Kitts: Double Tax Treaties

Introduction

The Federation of Saint Kitts is party to double taxation treaties with Antigua and Barbuda, Barbados, Belize, Dominica, Grenada, Guyana, Jamaica, Monaco, St Lucia, Saint Vincent and the Grenadines, San Marino and Switzerland.

In April 2009 Saint Kitts announced that legislation had been drafted to provide for the mutual exchange of information on taxation matters between itself and other jurisdictions. The Saint Kitts and Nevis (Mutual Exchange of Information on Taxation Matters) Bill, 2009, was tabled in the island’s national assembly on March 26.

The bill marked another step in the island’s efforts to comply with OECD standards following its pledge on December 31, 2005 to adhere to the OECD principles of transparency and tax information exchange.

When the bill had been enacted, it allowed Saint Kitts and Nevis to conclude tax information exchange agreements with other jurisdictions, thus providing greater transparency and information to other tax authorities in the case of tax crimes.

The jurisdiction started the ball rolling by announcing in April 2009 that it would soon begin bilateral talks for the exchange of information in the area of financial services with the Netherlands.

The topic of information exchange was one of the issues discussed on April 2 between Saint Kitts and Nevis Prime Minister Denzil Douglas and Dutch Ambassador to the Federation of Saint Kitts and Nevis, Hans Horbach.

Further agreements followed swiftly and by 26 March 2010, the jurisdiction had signed a total of 16 TIEAs, ensuring its removal from the OECD grey list one week later. Saint Kitts and Nevis, in late 2012, has concluded 21 TIEAs and 13 Double Tax Agreements.

Latest Saint Kitts and Nevis Treaty Updates

Treaty Update: South Africa - Saint Kitts and Nevis
22 February, 2017
The TIEA between South Africa and Saint Kitts and Nevis is to enter into force on February 18, 2017.
Treaty Update: Portugal - Saint Kitts and Nevis
16 February, 2017
Portugal completed its domestic ratification procedures in respect of the TIEA signed with Saint Kitts and Nevis on February 2, 2017.
Treaty Update: Saint Kitts and Nevis - United Arab Emirates
05 December, 2016
Saint Kitts and Nevis and the United Arab Emirates signed a DTA on November 24.
Treaty Update: Saint Kitts and Nevis - Germany
11 October, 2016
Saint Kitts and Nevis on September 19, 2016, ratified the TIEA it signed with Germany.
Treaty Update: Saint Kitts and Nevis - Germany
29 September, 2016
Saint Kitts and Nevis completed its domestic ratification procedures in respect of the TIEA with Germany on September 19.
Treaty Update: Ireland - Saint Kitts and Nevis
21 August, 2015
Ireland and Saint Kitts and Nevis signed a TIEA on July 20, 2015.
Treaty Update: India - Saint Kitts and Nevis
18 November, 2014
According to preliminary media reports, India signed a TIEA with St. Kitts and Nevis on November 11, 2014.
Treaty Update: Saint Kitts and Nevis - Various
23 May, 2014
St Kitts and Nevis's Cabinet on May 21, 2014, approved the signing of tax information exchange agreements with Ireland and South Africa.
Treaty Update: Guernsey - Saint Kitts and Nevis
03 April, 2013
Guernsey's TIEA with Saint Kitts and Nevis will enter into force on April 14, 2013.
Treaty Update: Saint Kitts and Nevis - Various
10 February, 2012
It was announced on February 1, 2012, that the St Kitts and Nevis Cabinet has given its approval for negotiations to start towards TIEAs with Guernsey, South Korea, Greece and Mauritius.
Treaty Update: Saint Kitts and Nevis - India
10 February, 2012
It was announced on February 1, 2012, that the St Kitts and Nevis Cabinet has approved a draft TIEA with India.
Treaty Update: Saint Kitts and Nevis - Finland
21 October, 2011
According to preliminary media reports, the TIEA between Finland and Saint Kitts and Nevis entered into force on October 21, 2011.
Treaty Update: Netherlands - Saint Kitts and Nevis
13 June, 2011
The TIEA was signed September 1, 2009
Treaty Update: United Kingdom - Saint Kitts and Nevis
25 May, 2011
The TIEA was signed on January 18, 2010, and has effect from May 19, 2011. The TIEA applies to taxes of all kinds, and to any identical taxes imposed/taxes amended after date of signature. The TIEA provides for the exchange of information relevant to determination, assessment and collection of taxes, the recovery and enforcement of tax claims, and the investigation or prosecution of tax matters. The TIEA also provides for exchange of information held by banks and financial institutions, and information regarding ownership of companies, partnerships etc.
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