UK-Dominica and Grenada Tax agreements
The UK has recently signed new tax information exchange agreements (TIEAs) with Dominica and Grenada.
The new TIEAs will allow for the exchange of information in line with the OECD’s model and international tax standards. The TIEAs are drafted to allow for the exchange of information necessary to prevent fraud and to ensure that the right amount of tax is paid in each country.
The TIEAs will take force once the UK, Dominica and Grenada have finalised their respective legislative procedures.