DT18903 | Double Taxation Relief Manual: Trinidad and Tobago: dividends

Trinidad and Tobago tax deducted from dividends by a Trinidad and Tobago company at the rates specified in the agreements, namely 20 per cent or 10 per cent if the recipient is a United Kingdom resident company controlling, directly or indirectly, at least 25 per cent of the voting power in the company paying the dividend, qualifies for credit as a direct tax (see INTM164010(c)).

The reductions to the above rates are not given where the dividends are effectively connected with (see INTM153110 fifth sub-paragraph) a permanent establishment which the recipient has in Trinidad and Tobago.

Where a dividend is paid to a United Kingdom company controlling, directly or indirectly, at least 10 per cent of the voting power in the company paying the dividend, relief is also due for the underlying tax (see INTM164010(d)).