The Isle of Man’s Agreement for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income with Guernsey will enter into force on July 5, 2013.
The
agreement was signed on January 24, 2013 in London between Eddie
Teare, the Isle of Man’s Treasury Minister, and Jonathan Le Tocq,
Guernsey’s Deputy Chief Minister.
The
Isle of Man ratified the agreement at the March 2013 sitting of
Tynwald, and the Chief Minister of Guernsey, Deputy Peter Harwood,
has now confirmed that Guernsey has completed its own ratification
procedures.
Last
month the Isle of Man Finance Ministry confirmed that its Tax
Information Exchange Agreement (TIEA) with Argentina had entered into
force. With that, the Isle of Man had signed 37 agreements which meet
the OECD standard. It had concluded ten Double Taxation Agreements
and 27 TIEAs.
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