Country-by‑Country Reporting – Compilation of 2025 Peer Review Reports

Trinidad and Tobago

Overview of CbC reporting requirements

First reporting fiscal year: Commencing on or after 20 December 2024

Consolidated group revenue threshold: USD 850 million

Filing deadline: 12 months following the end of the reporting fiscal year

Local filing required: Suspended

Surrogate parent entity filing permitted: Yes

First review of domestic legal framework: 2023-2024

Summary of recommendations

Area of implementation	Recommendations for improvement
Domestic legal and administrative framework	None.
Exchange of information framework	None.
Appropriate use	Not reviewed.

The domestic legal and administrative framework

Effective date

Trinidad and Tobago’s 2023-2024 peer review report included a recommendation that Trinidad and Tobago take steps to include an effective date for the requirement to file CbC reports. Trinidad and Tobago’s has proclaimed the legislation, an effective date is place, and the recommendation is removed.1

Contents of the Country-by-Country report

Trinidad and Tobago’s 2023-2024 peer review report included a recommendation that Trinidad and Tobago publish the full content and format requirements of the CbC Report. Trinidad and Tobago has published the full content and format requirements of the CbC Report and this recommendation is removed.2

The local filing provision

Trinidad and Tobago’s 2023-2024 peer review report included a recommendation that Trinidad and Tobago take steps to ensure that local filing only occurs in the circumstances permitted under the minimum standard. Trinidad and Tobago has suspended its local filing requirement until further notice and this recommendation is removed.3

Currency fluctuations

Trinidad and Tobago’s 2023-2024 peer review report included a recommendation that Trinidad and Tobago clarify that the annual consolidated group revenue threshold calculation rule applies in line with the OECD guidance on currency fluctuations in respect of an MNE Group whose Ultimate Parent Entity is located in a jurisdiction other than Trinidad and Tobago. Trinidad and Tobago has issued guidance making this clarification and the recommendation is removed.4

The exchange of information framework

Trinidad and Tobago’s 2018-2019 peer review included a recommendation that Trinidad and Tobago take steps to have qualifying competent authority agreements in effect with jurisdictions of the Inclusive Framework which meet the confidentiality, consistency and appropriate use conditions and with which Trinidad and Tobago has an international exchange of information agreement in effect that allows for the automatic exchange of tax information. Trinidad and Tobago has now activated relationships under the Multilateral Competent Authority Agreement for exchanging CbC reports and this recommendation is removed.

Trinidad and Tobago’s 2018-2019 peer review recommended that Trinidad and Tobago take steps to implement the necessary processes or written procedures to ensure that the exchange of information is conducted in a manner consistent with the terms of reference relating to the exchange of information framework. These processes are now in place and the recommendation is removed.

Appropriate use of CbC reports

Trinidad and Tobago is a non-reciprocal jurisdiction and, as such, will not receive CbC reports submitted to tax authorities in other jurisdictions, and will not apply local filing. It is not necessary for this peer review evaluation to reach any conclusion with respect to Trinidad and Tobago’s compliance with the terms of reference on appropriate use.

Notes

← 1. https://printery.gov.tt/e-gazette/2024/Legal%20Notices/Legal%20Notice%20No.%20231-PROCLAMATION%20(No.%2018)%20Base%20Erosion%20and%20Profit-Shifting%20Inclusive%20Framework.pdf

← 2.  https://printery.gov.tt/e-gazette/2025/Gazette/Gazette%20No.%202%20of%202025.pdf

← 3.  Ibid.

← 4.  Ibid.