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: Hong Kong - South Africa
According to a July 21 update from the South African Revenue Service, Hong Kong has newly ratified the DTA the territory signed with South Africa.
Treaty Update: Jersey - Korea, South
Jersey and South Korea signed a TIEA on July 21, 2015.
Treaty Update: Kyrgyzstan - Saudi Arabia
Kyrgyzstan has ratified the DTA signed with Saudi Arabia, the President's website said on July 22, 2015.
Treaty Update: Kenya - Netherlands
Kenya and the Netherlands signed a DTA on July 22, 2015.
Treaty Update: United Arab Emirates - Uruguay
According to preliminary media reports, the United Arab Emirates has ratified the DTA signed with Uruguay.
Treaty Update: Barbados - Korea, South
During a recent meeting by the Korean Ambassador-Designate to Barbados, Doo-Young Lee, Barbados expressed an interest in launching DTA negotiations with South Korea.
Treaty Update: Ukraine - Ireland
Ukraine's Parliament on July 15, 2015, approved a law to ratify the DTA signed with Ireland.
Treaty Update: Japan - Germany
Japan's Ministry of Finance on July 16, 2015, announced that it has agreed a DTA in principle with Germany.
Treaty Update: Netherlands - Germany
The Netherlands and Germany on July 14, 2015, signed a TIEA that covers tax rulings and advance pricing agreements.
Treaty Update: Luxembourg - Brunei
Luxembourg and Brunei signed a DTA on July 14, 2015.
Treaty Update: United Kingdom - Various
The UK has recently released draft legislation to ratify DTAs signed with Algeria, Brazil, Bulgaria, Croatia, Senegal, and Sweden.
Treaty Update: Poland - Ethiopia
Poland and Ethiopia signed a DTA on July 13, 2015.
Treaty Update: Oman - Switzerland
Oman has ratified the DTA signed with Switzerland, it was announced on July 14, 2015.
Treaty Update: Czech Republic - Andorra
The Czech Government has visited Andorra to express interest in signing a DTA, the Andorra Government disclosed on July 3.
Treaty Update: Switzerland - Liechtenstein
Switzerland and Liechtenstein signed a DTA and an accompanying Protocol on July 10, 2015.
Treaty Update: New Zealand - Samoa
New Zealand signed a DTA with Samoa on July 8, 2015.
Treaty Update: United States - Vietnam
The United States and Vietnam signed a DTA on July 7, 2015.
Treaty Update: France - Various
France's National Assembly on July 1, 2015, approved two bills (No. 2924 and No. 2925) endorsing the DTAs signed with Luxembourg and Switzerland.
Treaty Update: Italy - Hong Kong
Italy has ratified the DTA signed with Hong Kong, publishing law no. 96 in its Official Gazette on July 7, 2015. The law became effective on July 8, 2015.
Treaty Update: San Marino - United States
San Marino and the United States are engaged in negotiations towards a DTA, the San Marino Government said on June 23, 2015.
Treaty Update: Hong Kong - Japan
Hong Kong and Japan completed the exchange of instruments of ratification on July 6, 2015, bringing the DTA into force.
Treaty Update: Canada - New Zealand
A new DTA between Canada and New Zealand entered into force on June 26, 2015.
Treaty Update: Oman - Portugal
According to preliminary media reports, Oman on July 2, 2015, ratified the DTA signed with Portugal.
Treaty Update: Jersey - Rwanda
Jersey and Rwanda signed a DTA on June 26, 2015.
Treaty Update: Hong Kong - Macedonia
Hong Kong and Macedonia completed a first round of DTA negotiations on June 12, 2015.