Trinidad removed from harmful tax practices list

The government of Trinidad and Tobago has announced that the country has been removed from the list of nations identified by the Organization for Economic Co-operation and Development (OECD) as having harmful tax practices.

Finance Minister Colm Imbert confirmed that Port of Spain was officially delisted from this category in February 2025. This move reflects the country’s progress in aligning with international standards for tax transparency and regulatory compliance.

It joins Anguilla, Barbados, Bermuda, the British Virgin Islands, the Cayman Islands and the Turks and Caicos Islands whose policies are deemed not harmful.

The OECD’s Forum on Harmful Tax Practices (FHTP) has been conducting reviews of preferential tax regimes for the last 25 years to determine whether the regimes could be harmful to the tax base of other jurisdictions.