Regulatory Alerts2024-10-16
Act No. 15 of 2024-The Miscellaneous Provisions (Global Forum) Act 2024
The Parliament of Trinidad and Tobago enacted this Act to amend multiple statutes, including the Companies Act and various tax laws, to align with international standards for transparency and information exchange. The legislation mandates the cancellation of bearer shares, requires companies to maintain registers of beneficial owners and nominee shareholders, and establishes procedures for suspending or cancelling the registration of non-compliant external companies and business names. Additionally, the Act updates provisions in the Prevention of Corruption, Proceeds of Crime, and Anti-Terrorism Acts to ensure that judicial orders for tax information respect the terms of existing Tax Information Exchange Agreements.
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