In the framework of the collaboration agreement between the Inter-American Center of tax administrations (CIAT) and the German cooperation (GIZ), two officials from the tax administration of Trinidad visited the service of tax administration (SAT) of Mexico, on August 26 to 28, to learn about this tax administration’s experience at this time that Trinidad and Tobago is involved in a process of developing a regime of transfer pricing.

The visitors had the opportunity to meet the best practices of the SAT in the application of different methods of transfer pricing, the concepts and criteria for the definition of related parties, the application of advance-pricing agreements, as well as the management of information systems with internal and external databases.

This exchange has allowed defining and identifying the steps to be followed for the creation of the unit of transfer prices with well-defined goals and targets, as well as important aspects to consider in the legislation in order to implement the Transfer Pricing regime.

Photo caption: Officials from the tax administration of Trinidad & Tobago together with their counterparts from the SAT of Mexico.		Photo caption: Group picture