The Double Taxation Relief (Taxes on Income) (Trinidad and Tobago) Order 1983
The Convention with Trinidad and Tobago scheduled to this Order replaces the Agreement signed on 29th December 1966 modified by the Protocol signed on 10th December 1969 and the Supplementary Protocol signed on 15th November 1971. It provides that certain trading profits not arising through a permanent establishment are to be taxed only in the country of the taxpayer's residence. Profits attributable to a permanent establishment may be taxed in the country in which the permanent establishment is situated (Articles 5 and 7). The rate of tax on profits remitted by a branch establishment is not to exceed 10 per cent in the country in which they arise (Article 24). Shipping and air transport profits are to be taxed only in the country in which the place of effective management of the enterprise is situated (Article 8).