The European Union (EU) and France have inked an agreement on the application of savings tax legislation to the collectivity of Saint-Barthélemy.
The island of Saint-Barthélemy ceased to be an outermost region of the EU with effect from January 1, 2012. It gained the status of overseas country or territory. At the time, France undertook to conclude the agreements necessary to ensure that the EU's interests were preserved when the change took place.
ECOFIN President Yannis Stournaras said the agreement is "a strong expression of the willingness of France and the EU to ensure continuity and consistency in the fight against tax fraud and tax evasion."
Writing to the French Finance Minister Pierre Moscovici and EU Tax Commissioner Algirdas emeta, Stournaras said the agreement "contributes to avoiding loopholes by extending the territorial scope of the current Savings Directive and the Directive on Administrative cooperation."
He further stressed that "EU instruments can only work effectively where they do not leave loopholes or shortcomings which can be used by tax planners in order to avoid taxation.".
Treaty Update: Ukraine - Luxembourg
Ukraine's Deputy Minister for Finance, Olena Makeeva, on September 22, 2015, confirmed the initialing of a DTA Protocol with Luxembourg.
Treaty Update: Isle of Man - Cayman Islands
The Isle of Man and the Cayman Islands on September 22, 2015, completed the signing of a TIEA, after its signature earlier in the Cayman Islands on September 10, 2015.
Treaty Update: Cameroon - Vietnam
Cameroon and Vietnam indicated on September 27, 2015, that they are to negotiate a DTA.
Treaty Update: Estonia - Vietnam
Estonia and Vietnam signed a DTA on September 28, 2015.
Treaty Update: Guernsey - Korea, South
Guernsey and South Korea signed a TIEA on September 23, 2015.
Treaty Update: San Marino - Latvia
San Marino and Latvia are engaged in negotiations towards a DTA, it was confirmed following a bilateral meeting on September 25.
Treaty Update: Netherlands - Curaçao
Both houses of the Netherlands's Parliament have now approved new DTA arrangements with Curacao, after the upper house's approval of the deal on September 29.
Treaty Update: Spain - Uzbekistan
Spain on September 10, 2015, ratified the DTA it signed with Uzbekistan, publishing a notice in its September 10 edition of the Official Gazette.
Treaty Update: Georgia - Latvia
Georgia and Latvia signed a TIEA on September 29, 2015.
Treaty Update: Italy - Andorra
Italy and Andorra signed a TIEA on September 22, 2015.
Treaty Update: Jersey - Rwanda
Jersey ratified its DTA with Rwanda on September 22, 2015.
Treaty Update: Andorra - Portugal
Andorra and Portugal signed a DTA on September 27, 2015.
Treaty Update: Vietnam - Estonia
Vietnam and Estonia have signed a DTA, Vietnam's Foreign Ministry confirmed on September 27, 2015.
Treaty Update: Hong Kong - Australia
Hong Kong's Chief Secretary for Administration, Carrie Lam, called for the conclusion of a DTA between Hong Kong and Australia during a recent event on September 18, 2015.
Treaty Update: Australia - Israel
The Australian Government announced on September 17, 2015, that it intends to launch DTA negotiations with Israel.
Treaty Update: Sweden - United Kingdom
The Swedish Government forwarded a new DTA with the United Kingdom to Parliament for its approval on September 22, 2015.
Treaty Update: Spain - Belgium
Spain's Council of Ministers on September 11, 2015, approved a law to ratify a Protocol to the 1995 DTA with Belgium.
Treaty Update: Iran - Iraq
Iran and Iraq on September 6 signed a DTA.
Treaty Update: Andorra - Various
Andorra indicated its desire to negotiate DTAs with Lithuania, Latvia, and Estonia at recent meetings, the Government said on September 16, 2015.
Treaty Update: Saudi Arabia - Gabon
According to preliminary media reports, Saudi Arabia's Council of Ministers approved the signing of a DTA with Gabon.
Treaty Update: Cape Verde - Guinea-Bissau
According to preliminary media reports, Cape Verde's Government has approved the text of a DTA with Guinea-Bissau.
Treaty Update: Azerbaijan - San Marino
Azerbaijan and San Marino signed a DTA on September 8, 2015.
Treaty Update: Switzerland - Norway
Switzerland signed a DTA Protocol with Norway on September 4, 2015.
Treaty Update: Netherlands - Curaçao
According to preliminary media reports, an agreement providing for new double tax avoidance arrangements was approved by the Dutch lower house of parliament on September 10, 2015.
Treaty Update: Qatar - Spain
Qatar and Spain signed a DTA on September 10, 2015.