Benefits
Primarily administrative co-operation between Turks and Caicos Islands and its Treaty Partners which includes the following benefits:
- Assist in the development of tax policies.
- Improve administrative co-operation among contracting states.
- Ascertain the true tax liability of taxpayers within the respective jurisdictions.
- Improve knowledge base and capacity building within the organization.
- Improve the capability to access information via sophisticated technology through the exchange with our stakeholders.
- Improve data access, assessment and collections.
- Develop awareness of abusive tax schemes and emerging trends in tax planning.
- Conduct joint audits.
- Reduce tax evasion across borders.
- Identify potential tax loss and enhance tax collections.
- Improve Turks and Caicos Islands tax image globally through increased transparency.