EU, France Reach Deal On Saint-Barthélemy Savings Tax

by Ulrika Lomas, Tax-News.com, Brussels

20 February 2014



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 Šemeta, 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 Updates by Territory


Latest Treaty Updates


Treaty Update: Belarus - Austria

27/11/2014

Belarus signed a protocol to amend its DTA with Austria on November 24, 2014.


Treaty Update: Czech Republic - Kazakhstan

26/11/2014

The Czech Republic signed a protocol to amend its DTA with Kazakhstan on November 24, 2014.


Treaty Update: Gambia - Qatar

24/11/2014

According to preliminary media reports, Gambia signed a DTA with Qatar on November 18, 2014.


Treaty Update: Sweden - Hong Kong

24/11/2014

Sweden ratified its TIEA with Hong Kong on November 19, 2014.


Treaty Update: Slovakia - Czech Republic

20/11/2014

The Slovak Republic signed a TIEA with the Czech Republic on November 13, 2014.


Treaty Update: Canada - Spain

20/11/2014

Canada signed a protocol to amend it's DTA with Spain on November 18, 2014.


Treaty Update: Sweden - Various

18/11/2014

Sweden ratified its TIEAs with Grenada and Macau on November 5, 2014.


Treaty Update: Portugal - Various

18/11/2014

Portugal ratified its DTAs with Barbados, Ethiopia, San Marino, and Senegal on November 6, 2014.


Treaty Update: United Kingdom - Japan

18/11/2014

The DTA protocol signed between the United Kingdom and Japan will enter into force on December 12, 2014.


Treaty Update: India - Saint Kitts and Nevis

18/11/2014

According to preliminary media reports, India signed a TIEA with St. Kitts and Nevis on November 11, 2014.


Treaty Update: Cyprus - Iceland

18/11/2014

According to preliminary media reports, Cyprus signed a DTA with Iceland on November 13, 2014.


Treaty Update: Switzerland - Various

18/11/2014

Switzerland's DTAs with Australia, China and Hungary entered into force on October 14, November 9, and November 15 respectively.


Treaty Update: Congo, Republic of the - Mauritius

11/11/2014

According to preliminary media reports, the DTA between the Republic of the Congo and Mauritius entered into force on October 8, 2014.


Treaty Update: Andorra - France

11/11/2014

According to preliminary media reports, Andorra ratified its DTA with France during October, 2014.


Treaty Update: Ireland - Ethiopia

10/11/2014

Ireland signed a DTA with Ethiopia on November 3, 2014.


Treaty Update: Singapore - United Arab Emirates

4/11/2014

Singapore signed a protocol amending its DTA with the United Arab Emirates on October 31, 2014.


Treaty Update: Italy - Various

4/11/2014

Italy's ratification of its TIEAs with the Cook Islands and Jersey was published in the official gazette on October 30, 2014.


Treaty Update: Italy - Korea, South

4/11/2014

Italy's ratification of its protocol with the Republic of Korea was published in the official gazette on October 29, 2014.


Treaty Update: Mauritius - Malta

3/11/2014

Mauritius and Malta signed a DTA on October 15, 2014.


Treaty Update: Andorra - Korea, South

28/10/2014

Andorra signed a TIEA with the Republic of Korea on October 23, 2014.


Treaty Update: Australia - Switzerland

28/10/2014

The DTA between Australia and Switzerland entered into force on October 14, 2014.


Treaty Update: Guernsey - Switzerland

28/10/2014

The TIEA signed between Guernsey and Switzerland entered into force on October 14, 2014.


Treaty Update: Isle of Man - Switzerland

28/10/2014

The TIEA signed between Isle of Man and Switzerland entered into force on October 14, 2014.


Treaty Update: Macedonia - Vietnam

21/10/2014

Macedonia signed a DTA with Vietnam on October 15, 2014.


Treaty Update: Hong Kong - South Africa

21/10/2014

Hong Kong signed a DTA with South Africa on October 16, 2014.


More Treaty Updates