MINISTRY OF FINANCE AND ENERGY

GRENADA

 Latest News Releases:

NEW MINISTER OF FINANCE - STAFF ENGAGEMENT INITIATIVE

 

______________

 

NEWS RELEASES APPEAR BELOW

 

 

 

NO. 79/2017                         DATE: 05th December, 2017

 

STATEMENT FROM THE MINISTRY OF FINANCE IN RESPONSE TO EU BLACKLISTING OF COUNTRIES

It has come to the attention of the Ministry of Finance, Government of Grenada, that Grenada has been one of 17 countries to be blacklisted by the EU Code of Conduct Group (Business Taxation).

On 5th December 2017, the Council approved and published conclusions containing an EU list of non-cooperative jurisdictions in taxation matters.

The reason put forward for Grenada being included on the list is as follows:

Grenada  has  not  signed  and  ratified  the  OECD  Multilateral  Convention  on  Mutual  Administrative Assistance  as amended  and did not  clearly  commit  to addressing  these  issues by  31  December  2018. Grenada’s commitment to comply with criteria 1.1, 2.1 and 3 will be monitored.

It is important to note that Grenada made high level commitments, complete with timelines, to the EU Code of Conduct group by way of letters on the 17thand 28th November 2017, to action concerns raised by the group regarding meeting all the criteria set up by the EU Council for Transparency and fairness in Taxation. And we are well on track to doing so.

Grenada has enacted and signed into force both the primary and secondary legislation which are required for implementing the OECD Multilateral Convention on Mutual Administrative Assistance (the MAC). In addition, Grenada has expended a significant amount of resources to put in place structures and processes to facilitate exchange of information on taxation with countries in the European Union.

Inadvertently, Grenada did not provide a timeline for signing the OECD Multilateral Convention on Mutual Administrative Assistance—given that a timeline was not in the Code of Conduct request. It must be noted though, that Grenada fully stated its commitment to sign in aforementioned correspondences.

Now that the Blacklisting for that reason has been brought to our attention, the Minister of Finance has written to the code of conduct group, specifying our commitment to sign the OECD Multilateral Convention on Mutual Administrative Assistance by 31st December, 2018.

Further in this regard, the Minister of Finance has requested that Grenada be de-listed soonest considering that we adequately and formally indicated our commitment to comply with all the stipulations of the code of conduct group going forward, and therefore should not have been included on the published blacklist.

 

 

Website Updates

 

 - NEWS AVAILABLE VACANCIES 

  click here

 

 

- NEW NEWS RELEASES  

  click here

 

 

- NEW PHOTOS  

  click here 

 

 

- NEW PODCASTS - INSIDE FINANCE

  click here

 

 

- FISCAL REPORTS  

  click here

 

 

- PROMOTIONS  

  click here

 

Older News Releases

 

   337 CARIBBEAN EXPORT DEVELOPMENT AGENCY

 

   336 GRENADA TO HOST “ACCESS TO FINANCE” SEMINAR AND “PITCH” COMPETITION

 

      335 LAST CALL FOR TAXPAYERS TO FILE AND PAY TAXES

 

   334 IRD EXTENDS OPERATING HOURS

 

     333 ADJUSTMENT IN "SEED" PAYMENT SCHEDULE FOR MARCH 2018

 

     332 GRENADA TO HOST OECS DATA DISSEMINATION WORKSHOP

 

     331 EC$ 15 MILLION 91-DAY TREASURY BILL

 

     330 MINISTRY OF FINANCE CORRECTS FAKE NEWS ON BOND ISSUE

 

     329 IRD EXTENDS OPERATING HOURS

 

  328 NATIONAL OZONE UNIT HOSTS NATIONAL CONSULTATION FOR STAKEHOLDERS - REFRIGERATION AND...

 

  327 REQUEST FOR PENSION CERTIFICATE

 

  326 GRENADA HOSTS REGIONAL SECURITY FOR AUTOMATIC EXCHANGE OF ...

 

  325 RENEWAL OF ANNUAL LICENCES 2018

 

  324 GENERAL NOTICE

 

  323 TAXES DUE FOR JANUARY 2018

 

  322 RENEWAL OF ANNUAL LICENCES 2018

 

  321 GREEN CLIMATE FUND MISSION TO GRENADA

 

  320 BOARD OF SURVEY- TUESDAY JANUARY 2nd, 2018

 

  319 SUBMISSION OF GOVERNMENT OF GRENADA PENSION LIFE CERTIFICATE

 

    318 TAXES DUE FOR DECEMBER, 2017

 

    317 TAXES DUE FOR DECEMBER, 2017

 

  316 STATEMENT FROM THE MINISTRY OF FINANCE IN RESPONSE TO EU BLACKLISTING OF COUNTRIES

 

  315 INCREASED INVESTOR CONFIDENCE IN GRENADA LEADS TO OVER-SUBSCRIPTION OF EC$48.56 MILLION IN TREASURY BILLS

 

    314 "SEED" PAYMENT SCHEDULE FOR DECEMBER 2017

 

  313 KITE FLYING - A MAJOR ISSUE FOR LIDAR TOPOGRAPHICAL SURVEY

 

  312 GRENADA SECURES ADDITIONAL US $58 MILLION IN DEBT REDUCTION

 

    311 CUSTOMS APPEALS COMMISSION ESTABLISHED

 

 

  310 BUDGET PRESENTATION 2018

 

 

  309 GREEN CLIMATE FUND APPROVES READINESS AND PREPARATORY SUPPORT PROGRAMME FOR GRENADA

 

 

  308 GOVERNMENT OF GRENADA RECEIVED XCD $4.36 MILLION DOLLARS FROM THE EUROPEAN UNION

 

 

  307 2017 LABOUR FORCE SURVEY COMMENCES

 

 

  306 TAXES DUE FOR SEPTEMBER, 2017

  

 

    

 

NEWS RELEASES

 

 

 

 

FISCAL REPORTS

                                                                                                                              

                

VACANCIES

 

 

 

 

 

     

PETROLEUM PRICES

 

  

 

 

                                      

 

               

 

 

Copyright © 2017, Ministry of Finance and  Energy Grenada. All Rights Reserved.