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: Malta - Curaçao
Malta and Curaao have signed a DTA, the Maltese Government announced on November 18.
Treaty Update: Brazil - Various
Four tax information exchange agreements, with Uruguay, Jersey, Guernsey, and the Cayman Islands, were submitted to Brazil's Congress, the Brazilian Ministry of Finance announced on November 11, 2015.
Treaty Update: Switzerland - Albania
The Swiss Federal Council on November 11 adopted a dispatch on a protocol to the double tax agreement with Albania.
Treaty Update: Australia - Germany
Australia and Germany signed a DTA on November 13, 2015.
Treaty Update: United States - Various
Seven DTAs or DTA Protocols, with Switzerland, Luxembourg, Spain, Poland, Chile, Hungary, and Japan were forwarded to the US Senate, after their approval by the Committee on Foreign Relations on November 10, 2015.
Treaty Update: United Arab Emirates - Norway
The United Arab Emirates and Norway have signed a DTA, the Government announced on November 4, 2015.
Treaty Update: Saudi Arabia - Venezuela
Saudi Arabia and Venezuela signed a DTA on November 11, 2015.
Treaty Update: United Arab Emirates - Sweden
The United Arab Emirates and Sweden signed a TIEA on November 6, 2015.
Treaty Update: Argentina - Mexico
Argentina and Mexico signed a DTA on November 3, 2015.
Treaty Update: United Arab Emirates - Denmark
The United Arab Emirates and Denmark signed a TIEA on November 5, 2015.
Treaty Update: Barbados - Greece
Barbados and Greece discussed the possibility of signing a DTA on November 4, 2015.
Treaty Update: Barbados - Slovakia
Barbados and Slovakia signed a DTA on October 28, 2015.
Treaty Update: Isle of Man - Romania
The Isle of Man signed a TIEA with Romania on November 4, 2015.
Treaty Update: Germany - China
Germany's upper house of Parliament approved draft law 396/15 on October 16, 2015, which would ratify the pending DTA signed with China.
Treaty Update: Qatar - Latvia
Qatar ratified the pending DTA with Latvia on October 27, 2015.
Treaty Update: Switzerland - Various
The Swiss Government on October 28, 2015, approved a DTA with Liechtenstein and a DTA Protocol with Norway, and forwarded legislation to Parliament for its approval.
Treaty Update: Germany - Jersey
Germany's upper house of Parliament approved a DTA with Jersey on October 16, 2015.
Treaty Update: Ethiopia - Switzerland
The Ethiopian Government said on October 27, 2015, that the nation and Switzerland have agreed to expedite negotiations towards a DTA.
Treaty Update: United Arab Emirates - Cuba
The United Arab Emirates and Cuba are engaged in DTA negotiations, it was confirmed on October 25, 2015.
Treaty Update: Netherlands - Germany
The Netherlands and Germany completed their domestic ratification procedures on October 20, 2015, in respect of a new DTA that will enter into force on December 1, 2015.
Treaty Update: Italy - Chile
Italy and Chile signed a DTA on October 23, 2015.
Treaty Update: Chile - Japan
Chile and Japan have agreed the wording for a new DTA, it was announced on October 19, 2015.
Treaty Update: United Arab Emirates - Senegal
According to preliminary media reports, the United Arab Emirates signed a DTA with Senegal on October 24, 2015.
Treaty Update: United Arab Emirates - Macedonia
The United Arab Emirates and Macedonia signed a DTA on October 26, 2015.
Treaty Update: Japan - Chile
Japan announced that it completed negotiations with Chile on a DTA on October 19, 2015.