Latest Treaty Updates: Guernsey
Treaty Update: Guernsey - Various
2/4/2012
According to new information published by the Guernsey government on March 29, 2012, Guernsey will commence negotiations with Liechtenstein and Luxembourg towards bilateral DTAs in July 2012.
Treaty Update: Guernsey - Mexico
29/3/2012
According to the States of Guernsey, Guernsey's TIEA with Mexico entered into force on March 24, 2012.
Treaty Update: Guernsey - Malta
20/3/2012
The government of Guernsey has announced that Guernsey and Malta signed a comprehensive DTA on March 12, 2012.
Treaty Update: Guernsey - Turkey
20/3/2012
The government of Guernsey has announced that a TIEA between Guernsey and Turkey was signed on March 13, 2012.
Treaty Update: Guernsey - South Africa
24/2/2012
According to preliminary media reports, the TIEA between Guernsey and South Africa will enter into force on February 26, 2012.
Treaty Update: Guernsey - Various
23/2/2012
Guernsey's States of Deliberation ratified the TIEAs signed with the Czech Republic on September 15, 2011, and with Slovenia on September 26, 2011. The agreements entered into force on January 25, 2012.
Treaty Update: Guernsey - Latvia
22/2/2012
According to preliminary media reports, Guernsey and Latvia commenced negotiations towards a TIEA on February 16, 2012.
Treaty Update: Guernsey - Various
28/12/2011
The Guernsey government has confirmed that TIEAs were signed with India and Mauritius on December 20, 2011.
Treaty Update: Guernsey - Romania
16/12/2011
According to preliminary media reports, Romania's parliament on December 7, 2011, ratified the TIEA signed between Romania and Guernsey earlier this year.
Treaty Update: Qatar - Guernsey
14/12/2011
According to preliminary media reports, the governments of Guernsey and Qatar initialled a DTA on December 9, 2011.
Treaty Update: Poland - Guernsey
8/12/2011
According to the Polish Embassy in London, a TIEA between Poland and Guernsey was signed on December 6, 2011.
Treaty Update: Guernsey - Slovenia
29/9/2011
According to preliminary media reports, a TIEA was signed between Guernsey and Slovenia on September 27, 2011.
Treaty Update: Guernsey - Various
27/9/2011
The Guernsey government announced on September 23, 2011, that it is negotiating TIEAs with Botswana, Lesotho, Malawi, Seychelles, Swaziland and Zambia.
Treaty Update: Guernsey - Various
20/9/2011
The Guernsey government announced on September 16, 2011, that it had signed TIEAs with the Bahamas and the Czech Republic.
Treaty Update: China - Guernsey
22/8/2011
According the Guernsey government, the TIEA between China and Guernsey entered into force on August 17, 2011. The TIEA was signed on October 27, 2010.
Treaty Update: Bahamas - Guernsey
17/8/2011
The Bahamas government has announced that a TIEA with Guernsey was signed on August 8.
Treaty Update: Guernsey - Cayman Islands
2/8/2011
The Guernsey government announced the signing of a Tax Information Exchange Agreement with the Cayman Islands, on August 1, 2011.
Treaty Update: Guernsey - Argentina
2/8/2011
The Guernsey government announced the signing of a TIEA with Argentina on August 1, 2011.
Treaty Update: Guernsey - Australia
29/7/2011
According to preliminary media reports, the DTA between Australia and Guernsey has been ratified by both parties, and will enter into force on August 24.
Treaty Update: Guernsey - Mexico
30/6/2011
The Guernsey government has confirmed the signing of a Tax Information Exchange Agreement with Mexico on June 28, 2011.
Treaty Update: Guernsey - San Marino
8/6/2011
In San Marino, the TIEA applies to income tax and corporate/proprietorship income tax. In Guernsey the TIEA applies to income tax and dwellings profit tax. The TIEA provides for the exchange of informationr elevant to the administration and enforcement of domestic tax laws, and the determination, assessment and collection of taxes, the recovery and enforcement of tax claims, and the investigation/prosecution of tax matters. The TIEA also provides for the exchange of information held by banks and other financial institutions, and information regarding the ownership of companies, partnerships, and, in certain cases, investment funds or schemes, trusts and foundations. The TIEA also contains a mutual assistance procedure and a mutual agreement procedure.
Treaty Update: Guernsey - Indonesia
2/6/2011
In Indonesia, the TIEA applies to income tax and VAT. In Guernsey the TIEA applies to income tax and dwellings profit tax. The TIEA provides for the exchnage of informationr elevant to the administration and enforcement of domestic tax laws, and the determination, assessment and collection of taxes, the recovery and enforcement of tax claims, and the investigation/prosecution of tax matters. The TIEA also provides for the exchange of information held by banks and other financial institutions, and information regarding the ownership of companies, partnerships, and, in certain cases, collective investment schemes, trusts and foundations. The TIEA also contains a mutual assistance procedure and a mutual agreement procedure.
Treaty Update: South Africa - Guernsey
27/5/2011
In South Africa, the TIEA applies to the normal tax, secondary tax on companies, withholding tax on royalties, tax on foreign entertainers and sportspersons and VAT. In Guernsey the TIEA applies to income tax and dwellings profit tax. The TIEA provides for the exchange of information relevant to the administration and enforcement of domestic tax laws, and the determination, assessment and collection of taxes, the recovery and enforcement of tax claims, and the investigation/prosecution of tax matters. The TIEA also provides for the exchange of information held by banks and other financial institutions, and information regarding the ownership of companies, partnerships, and, in certain cases, investment funds or schemes, trusts and foundations. The TIEA also contains a mutual assistance procedure and a mutual agreement procedure.
Treaty Update: Romania - Guernsey
25/5/2011
The TIEA is to enter into force 30 days after it has been ratified, and apply in criminal matters from the date of entry into force, and with respect to other matters from the date of entry into force, but but only in respect of taxable periods beginning on or after that date or, where there is no taxable period, for all charges to tax arising on or after that date. In Romania, it applies to income tax and the tax on profit. In Guernsey it applies to income tax and dwellings profit tax. The TIEA provides for the exchnage of information elevant to the administration and enforcement of domestic tax laws, and the determination, assessment and collection of taxes, the recovery and enforcement of tax claims, and the investigation/prosecution of tax matters. The TIEA also provides for the exchange of information held by banks and other financial institutions, and information regarding the ownership of companies, partnerships, and, in certain cases, investment funds or schemes, trusts and foundations. The TIEA also contains a mutual assistance procedure and a mutual agreement procedure.
Treaty Update: Czech Republic - Guernsey
25/5/2011
Treaty Update: Canada - Guernsey
25/5/2011
In Canada, the TIEA applies to all taxes on income and capital. In Guernsey, the TIEA applies to income tax and dwellings profits tax. The TIEA provides for the exchange of information held by banks, and other financial institutions, and information regarding legal and beneficial ownership of companies, partnerships foundations, investment funds/schemes, and, in some cases, trusts.
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Latest News
Guernsey has announced the signing of a comprehensive Double Taxation Agreement with Malta, which will allocate the territories' taxing rights to ensure that double taxation is removed from bilateral trade and investment, and also permit tax information exchange on request.
The Seychelles Adds Guernsey TIEA 3/1/2012
The Seychelles has noted the signing of a Tax Information Exchange Agreement with Guernsey as a significant step in boosting bilateral relations between the two territories.
India Rapidly Expanding Tax Agreement Network 17/10/2011
India is playing a major role in the global crusade against black money and has completed negotiations for 16 new tax information exchange agreements, according to the chairman of the Central Board of Direct Taxes M C Joshi.
Guernsey Signs TIEA With Mexico 1/7/2011
The Guernsey government has announced the signing of a Tax Information Exchange Agreement with Mexico, its first such agreement with a Latin American country.
Colombia, Portugal Sign DTA 6/9/2010
A double taxation agreement signed between Colombia and Portugal adds to those already concluded by Colombia with Spain, Switzerland, Chile, Canada, Mexico and South Korea.
Hong Kong Property Taxes Reviewed 16/3/2010
Hong Kong’s Financial Secretary, John C Tsang, made the traditional post-budget speech at the Joint Business Community Luncheon on March 12 and, in particular, reviewed the tax measures taken to increase the transaction cost of property speculation so as to reduce the risk of a property bubble being created.
NZ Emissions 'Tax' Attacked 15/3/2010
The ACT New Zealand Party, a member of the country’s present coalition government, has continued its opposition to New Zealand’s new carbon emissions trading scheme, calling it a tax that will increase inflation in the economy.
Australia Promised Full Debate On Tax Review 15/3/2010
Following indications that the Australian government was thinking of a delay to the release of the Henry tax review, the Treasurer, Wayne Swan, has now confirmed that it will be issued in good time for a full debate on any proposed tax changes.
UK Budget To Hit The Rich 12/3/2010
Wealthy individuals may have less than two weeks to put plans in place to reduce the tax impact of the Chancellor’s pre-election Budget, warns PKF Accountants and business advisers.
Orascom Loses Algerian Tax Appeal 12/3/2010
Egyptian telecom company, Orascom Telecom, has announced that its Algerian subsidiary, Orascom Telecom Algérie, has received a rejection to its appeal, made in December last year, against the notice for taxes and penalties it had received from the Algerian tax authorities the month previously.
Switzerland, Slovakia Initial Revised DTA 12/3/2010
It has recently emerged that Switzerland and Slovakia have initialled a revised bilateral double taxation agreement, containing the Organization for Economic Cooperation and Development’s standard on tax information exchange.
Malaysia Not Cancelling GST 12/3/2010
After a government meeting, Malaysia’s Second Finance Minister, Datuk Seri Ahmad Husni Hanadzlah, has rejected any suggestion that the proposed introduction of a goods and services tax has been cancelled.
Germany Approves Liechtenstein TIEA 15/3/2010
Germany’s Cabinet has recently approved a bill pertaining to the bilateral tax information exchange agreement with Liechtenstein.
UAE Completes VAT Study 12/3/2010
Authorities in the United Arab Emirates are inching closer to the introduction of a value-added tax.
IRS Offers Help To Struggling Taxpayers 14/3/2010
The US Internal Revenue Service has announced several additional steps it is taking this tax season to help people having difficulties meeting their tax obligations because of unemployment or other financial problems.
Baucus Seeks Trade Preference Reform 15/3/2010
Senate Finance Committee Chairman Max Baucus is leading efforts for reform of US trade preference programs accorded to developing countries.
Jersey Riding Out Onshore Storm 15/3/2010
Jersey will overcome the evolving challenges being faced by offshore international financial centres, Geoff Cook, Chief Executive of Jersey Finance, told participants at a Breakfast Briefing in London.
OECD Urges Fiscal Policy Shift 12/3/2010
Governments must now gear their economies towards jobs, international competitiveness and increasing the tax-take, the Organization for Economic Cooperation and Development has said in its latest ‘Going for Growth’ report, analyzing the next step for recovering economies.
BVI To Review Taxes And Fees 15/3/2010
British Virgin Islands Prime Minister, Ralph O’Neal has said that the territory will run a budget surplus during 2010, although the government still intends to review indirect taxes and fees on financial services.
Bahrain And UK Sign DTA 11/3/2010
The Kingdom of Bahrain’s Minister of Finance, Shaikh Ahmed bin Mohammed Al Khalifa, and UK ambassador, Jamie Bowden, signed a comprehensive double taxation agreement between the two countries in Manama on March 10.
Australia And Chile Sign DTA 11/3/2010
Australia’s Assistant Treasurer, Nick Sherry, has announced that Australia and Chile have signed a comprehensive bilateral double taxation agreement – the second such agreement between Australia and a South American country.
Swiss-German Tax Talks Resume 12/3/2010
During a recent visit to Berlin, Switzerland’s State Secretary Michael Ambühl, Head of the State Secretariat for International Financial Matters in the Federal Department of Finance, met with representatives of Germany's Federal Ministry of Finance and Federal Chancellery to exchange ideas on current financial and tax policy issues.
Bahamas Achieves White-Listing 12/3/2010
The Bahamas has achieved a place on the Organization for Economic Cooperation and Development's ‘white list’ following the signing of Tax Information Exchange Agreements with the seven Nordic economies of Denmark, the Faroe Islands, Finland, Greenland, Iceland, Norway and Sweden, on March 10.
Tax Relief For California Storm Victims 11/3/2010
The State of California’s Franchise Tax Board on March 9 announced special tax relief for California taxpayers affected by the recent severe winter storms that started in January.
Belgium's Kilometer Tax Opposed 11/3/2010
The Humanist group cdH of the Walloon parliament in Belgium has rejected the idea of a road tax levied per kilometre travelled, advocating instead the introduction of an inclusive road tax disc, which could then be modified to take certain environmental criteria into account.