Global Forum on Transparency and Exchange of Information for Tax Purposes peer reviews : Federation of Saint Kitts and Nevis 2014 : Phase 2 : Implementation of the standard in practice : August 2014 (reflecting the legal and regulatory framework as at May

This report contains the 2014 "Phase 2 : Implementation of the Standards in Practice" Global Forum review of the Federation of Saint Kitts and Nevis. The Global Forum on Transparency and Exchange of Information for Tax Purposes is the multilateral framework within which work in the area of tax transparency and exchange of information is carried out by over 90 jurisdictions which participate in the work of the Global Forum on an equal footing. The Global Forum is charged with in-depth monitoring and peer review of the implementation of the standards of transparency and exchange of information for tax purposes. These standards are primarily reflected in the 2002 OECD Model Agreement on Exchange of Information on Tax Matters and its commentary, and in Article 26 of the OECD Model Tax Convention on Income and on Capital and its commentary as updated in 2004, which has been incorporated in the UN Model Tax Convention This report summarises the legal and regulatory framework for transparency and exchange of information in Federation of Saint Kitts and Nevis as well as the practical implementation of that framework. It reflects the legal and regulatory framework as at May 2014