NO. 84/2017 DATE: 24th January, 2017
GRENADA HOSTS REGIONAL SECURITY FOR AUTOMATIC EXCHANGE OF INFORMATION WORKSHOP
ST. GEORGE’S, GRENADA, WEDNESDAY, 24TH JANUARY 2017: Tax Representatives from seven regional islands including Grenada are attending a three day workshop on Security for Automatic Exchange of Information (AEOI) on Tax matters. Among the participants are Antigua and Barbuda, Barbados, St Kitts and Nevis, St Lucia, St Vincent and the Grenadines and Montserrat.
The Workshop, hosted by the Commonwealth Association of Tax Administrators (CATA) and Inland Revenue Division, Grenada, opened on Monday 22ndJanuary, 2018, at a brief ceremony at the Ministry of Finance Conference Room.
It’s a follow up to the Automatic Exchange of Information (AEOI) assessment and arranged by CATA in partnership with Her Majesty’s Revenue and Customs (HMRC) UK for the Global Forum in 2018.
Her Majesty’s Revenue and Customs Lead for Automatic Exchange of Information, Jon Swerdlow, who is also the Deputy Chair of CATA told participants at the opening that he looks forward to the success of the workshop since most of the hard work has already been done.
Mr. Swerdlow indicated that complying with the Common Reporting Standards (CRS) framework involves enacting or amending legislation, conducting staff training and implementing new IT procedures. The consequences of countries not complying can be quite serious, he noted.
The Comptroller of Grenada’s Inland Revenue Division, Michael Stephen, said, Grenada has spent a significant amount of its financial resources to meet the requirements set out by the Organisation for Economic Co-operation and Development (OECD) Common Reporting Standard. He indicated that Grenada has essentially complied with all the recommendations and requirements of that framework.
Discussions for the week are centered on security issues relating to Hurricanes & Disaster Recovery, Security Incident Management, Risk Management and Business Continuity.
Acting Permanent Secretary in the Ministry of Finance, Ms. Kim Frederick stated that the workshop is timely considering the recent devastation to islands in the region by Hurricane Irma and Maria. The PS looks forward to a successful reassessment at the end of this week’s session.
Inland Revenue Division
339 GRENADA TO DRAFT A COUNTRY PROGRAMME TO ACCESS CLIMATE FINANCE UNDER THE GREEN CLIMATE FUND (GCF)
315 INCREASED INVESTOR CONFIDENCE IN GRENADA LEADS TO OVER-SUBSCRIPTION OF EC.56 MILLION IN TREASURY BILLS
214 VALIDATION WORKSHOP: DIAGNOSTIC ASSESSMENT OF THE CONSUMER PROTECTION LANDSCAPE IN THE OECS REGION
204 NEW CUSTOMS OFFICERS RECEIVE TRAINING IN MONITORING AND CONTROL OF TRADE IN OZONE DEPLETING SUBSTANCES (ODS)
200 GRENADA TO BENEFIT FROM REGIONAL DEMONSTRATION PROJECT FOR THE REFRIGERATION AND AIR-CONDITIONING SECTOR
197 OECS COUNTRY MISSION TO UNDERTAKE DIAGNOSTIC ASSESSMENT ON CONSUMER AFFAIRS LANDSCAPES IN MEMBER STATES
196 ENERGY DIAGNOSIS AND POLICY EVALUATION WORKSHOP AS GRENADA MOVES FORWARD IN DEVELOPING NATIONAL ENERGY PLANNING GUIDELINES
84 Government to meet with Public Sector Unions to discuss new protocol for Statutory Bodies and State Owned Enterprises
58 November 3, 2014 - DISCUSSION OF DRAFT SCOCIAL COMPACT ON GBN TELEVISION – TUESDAY NOVEMBER 4TH, 2014
54 September 25, 2014 - LOCAL TEAM MEETING HELD FOLLOWING THE UN CONFERENCE IN SMALL ISLAND DEVELOPING STATES (SIDS), SAMOA SEPTEMBER 1-4, 2014
53 September 25, 2014 - LOCAL TEAM MEETING HELD FOLLOWING THE UN CONFERENCE ON SMALL ISLAND DEVELOPING STATES (SIDS), SAMOA SEPTEMBER 1-4, 2014
50 September 18, 2014 - THE NOU TO RECOGNISE INTERNATIONAL DAY 2015 BUDGET PREPARATION MOVING INTO HIGH GEAR
48 September 12, 2014 - THE NOU TO RECOGNISE INTERNATIONAL DAY FOR THE PRESERVATION OF THE OZONE LAYER
47 September 12, 2014 - THE NOU TO RECOGNISE INTERNATIONAL DAY FOR THE PRESERVATION OF THE OZONE LAYER
37 June 30, 2014 - JUNIOR OFFICERS OF CUSTOMS AND EXCISE DIVISION PARTICIPATE IN BASIC TRAINING COURSE
36 June 30, 2014 - JUNIOR OFFICERS OF CUSTOMS AND EXCISE DIVISION PARTICIPATE IN BASIC TRAINING COURSE
24 April 24, 2014 - NOU AND GRENCASE COLLABORATES TO PROVIDE TRAINING IN REFRIGERATION AND AIR-CONDITIONING FUNDAMENTALS
21 April 1, 2014 - GOVERNMENT AND PUBLIC SECTOR UNIONS COMMENCE TALKS ON MEMORANDUM OF UNDERSTANDING FOR HOME-GROWN PROGRAMME OF FISCAL ADJUSTMENT AND REFORMS
20 April 1, 2014 - REGISTRATION OF LICENSED NON-BANK FINANCIAL INSTITUTIONS IN COMPLIANCE WITH FATCA
19 March 27, 2014 - GOVERNMENT AND DIGICEL SIGN AGREEMENT FOR INSTALLATION OF ELECTRONIC TRACKING SYSTEM DEVICES IN ALL GOVERNMENT VEHICLES
15 March 6, 2014 - GRENADA TO HOST ENERGY FOR SUSTAINABLE DEVELOPMENT (ESD) PROJECT INCEPTION MEETING
11 February 26, 2014 - 3RD INSTALLMENT OF RETROACTIVE PAYMENTS TO PUBLIC OFFICERS AND TEACHERS DEFERRED
10 February 25, 2014 - GRENADA CUSTOMS AND EXCISE DIVISION ANNUAL AWARD AND RECOGNITION CEREMONY, 2014
8 February 12, 2014 - COMMITTEE OF SOCIAL PARTNERS MOVING STEADFASTLY TOWARDS THE FINALISATION OF A SOCIAL COMPACT