Notice: Submission of Country-by-Country (CbC) Notifications

Tags: news, cbcr, country by country, International Tax

The Inland Revenue Division (IRD) wishes to advise all Constituent Entities of Multinational Enterprise (MNE) Groups resident in Trinidad and Tobago for tax purposes of the requirements regarding Country-by-Country (CbC) Reporting notifications.
Any Constituent Entity of an MNE Group that is resident for tax purposes in Trinidad and Tobago shall notify the IRD whether it is the Ultimate Parent entity (UPE) or the Surrogate Parent Entity (SPE), no later than the last day of the Reporting Fiscal Year of such MNE Group (Section 5 of the Act).

Submission Guidelines

To streamline the reporting process, the IRD is now accepting these notifications electronically and/or by mail.

Please follow to the following instructions:

  • Submission Method: Notification can be sent by email to the IRD at birchair@ird.gov.tt and/or at ttcrs@ird.gov.tt or in writing to Chairman, Inland Revenue Division, #2-4 Ajax Street, Port of Spain.
  • Subject Line: Should clearly state "CbC Notification - [Name of MNE Group] - [Fiscal Year]".
  • Required Information: The notification should include:
    • the name of the constituent entity,
    • its BIR number, and
    • Name and address of Ultimate Parent Entity (UPE) or Surrogate Parent Entity (SPE) filing the CbC Report and its tax residence.

Deadlines

Notifications must be submitted no later than the last day of the reporting fiscal year of the MNE Group. No penalties will be applied for late notifications.

For further inquiries or clarification, please contact the International Tax Unit at (868) 800-8299 Ext 12018/ 11866 or ttcrs@ird.gov.tt