AUSTRALIA AND ISLE OF MAN TAX AGREEMENT SIGNED

The OECD announces that on 29/01/09 Australia and the Isle of Man have signed a Tax Information Exchange Agreement (TIEA).

Australia and IoM will continue to examine what further measures could be adopted to enhance their economic and trading relationship, and ways in which bilateral cooperation can be made as effective as possible. It is great to see the list of TIEAs growing.

The agreement can be downloaded here

Of particular interest to our readers is to see Spain moving slowly into negotiating TIEAs according to the OECD list, where they refer to a new treaty signed in June 08 between Spain and Netherlands Antilles. (Disclaimer: I have not been able to find that agreement signed with Spain. The last one according to my records was signed in 2005 with The Netherlands . Any help to find this TIEA will be greatly appreciated)

The model agreement was developed by the OECD Global Forum Working Group on Effective Exchange of Information (“the Working Group”). The Working Group consisted of representatives from OECD Member countries as well as delegates from Aruba, Bermuda, Bahrain, Cayman Islands, Cyprus, Isle of Man, Malta, Mauritius, the Netherlands Antilles, the Seychelles and San Marino.

Recent bilateral agreements (by date of signature)

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