Trinidad and Tobago

There is no provision for group taxation in Trinidad and Tobago; however, a limited form of group loss relief is available (see Net operating losses in the Deductions section).

Transfer pricing

There are no specific transfer pricing rules in Trinidad and Tobago. However, the legislation empowers the tax authority to disregard any transactions that it views as artificial or fictitious. This general power has been utilised by the tax authority in dealing with related parties and large multinational companies to evaluate whether transactions are at arm’s length.

Thin capitalisation

There are no thin capitalisation rules in Trinidad and Tobago.

Controlled foreign companies (CFCs)

There are no CFC rules in Trinidad and Tobago.