Question

Reserach the Tax Laws of Barbados, Jamaica and Trinidad and Tobago and define terms residence, non-residence and domicile of a taxpayer. Then compare the definitions of residence and domicile with your understanding and write the similarities and differences.

Video link:

Barbados Income Tax Act Cap73

http://www.investbarbados.org/docs/Income%20Tax%20Act,%20Chap.%2073.PDF

Jamaica Income Tax Act

http://moj.gov.jm/sites/default/files/laws/The%20Income%20Tax%20Act.pdf

Trinidad and Tobago Income Tax Act

http://www.oas.org/juridico/english/mesicic3_tto_income_act.pdf

Answer 1

1. BARBADOS

RESIDENT -

A person is deemed to be resident in Barbados in an income year if that person:

• Spends in the aggregate more than 182 days in Barbados in that income year; or
• Is ordinarily resident in Barbados in the relevant income year

DOMICILE

The domicile is the country which a person officially has as their permanent home OR substantial connection

JAMAICA

RESIDENT - an individual is a resident of Jamaica if he is in the island for a period or periods of six (6) months or more in any tax year.

NON RESIDENT - not qualifing as resident

TRINIDAD

RESIDENT - to be a resident of TRINIDAD Individual must be

• he spouse of a resident or citizen of Trinidad and Tobago.
• The parent or grandparent of a resident or citizen of Trinidad and Tobago who resides in the country and is willing and able to provide care and maintenance for you.
• Working in Trinidad and Tobago under a Work Permit for five or more continuous years at the time of application.

SIMILARITIES IN DEFINITION OF RESIDENT AND DOMICILED ARE

both can be dependent on one's individual interest

DIFFERENCES

• domicile signifies permanent place of dwelling where person has intention of making it permanent whereas resident is temporary signifying present location of an individual.
• permanency is the requirement of domicile whereas there is no such requirement to be qualified as resident.