The Institute of Chartered Accountants of the Caribbean hosted the first of its Annual Taxation Seminars entitled, “CARICOM Double Taxation Treaty and its Applicability in the Current Economic Environment”, on June 25, 2015 at the Hyatt Regency Hotel, Trinidad. The taxation seminar was held in conjunction with the ICAC’s 33rd Annual Caribbean Conference of Accountants held in Trinidad over the period, June 25-27, 2015.
The seminar attracted over 100 participants including accounting and finance professionals, regulators and other representatives from the region’s private and public sectors. The topics covered during the seminar were:
- CARICOM DTA: A Contextual & Comparative Overview by presenter Wayne Lovell, Tax Partner, KPMG Barbados;
- CARICOM DTA: A Legal Perspective by Dr. Claude Denbow, Attorney-at-Law;
- Future of the CARICOM DTA, Rommel St. Hill - Senior Legal Officer, CARICOM Secretariat; and
- CARICOM DTA: A Regulatory Perspective by Nayak Ramdahin- Commissioner, Board of Inland Revenue, Trinidad & Tobago.
The seminar format also included group break-out sessions focusing on the challenges in applying the Double Taxation Agreement within the region. The reports and recommendations from the working groups will be incorporated in a position paper along with recommendations from the ICAC and submitted to the CARICOM Secretariat.
The seminar provided participants with a better understanding of the Agreement, its aims and objectives as well as its applicability in the region’s current economic environment. The second staging of the Taxation Seminar will be held in Belize in June 2016 in conjunction with the ICAC’s 34th Annual Caribbean Conference of Accountants scheduled for June 23-25, 2016 at the Ramada Princess Hotel & Casino in Belize City, Belize.
Attendees at the ICAC’s 1st Annual Taxation Seminar participate in a working group session focusing on the applicability of the CARICOM Double Taxation Agreement across the region and key challenges.
