Latest Treaty Updates: Jersey
Treaty Update: Qatar - Jersey
17/4/2012
According to preliminary media reports, Qatar's Cabinet on April 4, 2012, approved a law that would ratify the draft income tax treaty recently signed between Qatar and Jersey.
Treaty Update: Jersey - Czech Republic
17/4/2012
According to preliminary media reports, the TIEA signed between Jersey and the Czech Republic on July 12, 2011, entered into force on March 16, 2012.
Treaty Update: Jersey - Various
3/4/2012
Jersey Chief Minister Ian Gorst on March 30, 2012, lodged a proposal with the island's legislative assembly, the States of Jersey, that would ratify the TIEA Jersey signed with Qatar in March 2012. On March 28, 2012, Gorst also lodged a proposal for the States to ratify the DTA signed between Jersey and Hong Kong in February 2012.
Treaty Update: Jersey - Qatar
16/3/2012
The Jersey government has announced that the territory will sign a DTA with Qatar during a four-day visit by a Jersey government delegation to begin on March 17, 2012.
Treaty Update: Jersey - Italy
14/3/2012
The Jersey government has announced that a TIEA would be signed between Italy and Jersy on March 13, 2012.
Treaty Update: Jersey - Mexico
13/3/2012
According to the government of Jersey, the TIEA signed between Jersey and Mexico has been ratified will enter into force on March 22, 2012.
Treaty Update: Jersey - South Africa
2/3/2012
The TIEA between Jersey and South Africa entered into force on February 29, 2012.
Treaty Update: Jersey - Hong Kong
27/2/2012
The governments of Jersey and Hong Kong have jointly announced that a DTA between Jersey and Hong Kong was signed on February 24, 2012.
Treaty Update: Jersey - Various
16/2/2012
Jersey tabled legislation that would ratify the territory's pending TIEAs with Japan, Poland and India, on February 6, 2012.
Treaty Update: Jersey - Estonia
6/2/2012
According to preliminary media reports, the DTA signed between Jersey and Estonia entered into force on January 13, 2012.
Treaty Update: Jersey - Hong Kong
12/12/2011
The Jersey government confirmed on December 9, 2011, that it is engaged in negotiations with Hong Kong authorities towards an agreement for the avoidance of double taxation.
Treaty Update: Poland - Jersey
8/12/2011
According to the Polish Embassy in London, a TIEA between Poland and Jersey was signed on December 2, 2011.
Treaty Update: Japan - Jersey
6/12/2011
Japan's Ministry of Foreign Affairs has announced that a TIEA between Japan and Jersey was on December 2, 2011.
Treaty Update: Jersey - Austria
16/11/2011
According to preliminary media reports, Jersey initialled a TIEA with Austria on November 4, 2011.
Treaty Update: Jersey - India
14/11/2011
According to the government of Jersey, a TIEA between Jersey and India was signed on November 3.
Treaty Update: Jersey - Various
11/11/2011
The Jersey government has confirmed that TIEAs with Argentina and China entered into force on November 5, 2011, and November 10, 2011, respectively.
Treaty Update: Jersey - Argentina
5/8/2011
The Jersey government has announced the signing of a TIEA with Argentina, which took place on July 28, 2011.
Treaty Update: Jersey - Czech Republic
14/7/2011
The Jersey government confirmed the signing of a Tax Information Exchange Agreement with the Czech Republic on July 14, 2011.
Treaty Update: Jersey - Luxembourg
13/7/2011
According to a statement from the Jersey government on July 8, 2011, Jersey and Luxembourg are to commence negotiations on an agreement for the avoidance of double taxation.
Treaty Update: Jersey - Czech Republic
11/7/2011
Jersey's government has said that on July 12, 2011, it will sign a TIEA with the Czech Republic. The agreement will be Jersey's 22nd TIEA.
Treaty Update: Japan - Jersey
2/6/2011
According to the Japanese government, an agreement has been reached in principle. The TIEA will also provide for the exemption of tax at source for certain income of individuals, such as pensions.
Treaty Update: Canada - Jersey
25/5/2011
In Canada, the TIEA applies to all taxes on income and capital. In Jersey, the TIEA applies to income tax and goods and services 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
On February 24, Hong Kong’s Secretary for Financial Services and the Treasury, Professor K C Chan (pictured), and Jersey’s Chief Minister Ian Gorst, signed a double taxation agreement between Hong Kong and Jersey.
Miliband Comments 'Lack Credibility', Say Guernsey, IoM 20/1/2012
Guernsey and the Isle of Man have joined Jersey in denouncing as erroneous the comments of the leader of the opposition Labour Party in the UK, Ed Miliband, in which he called for the European Union to take action against territories such as the Crown Dependencies on tax transparency concerns.
Jersey Finance Welcomes New Tax Pacts 13/12/2011
Jersey Finance, the promotional agency for the island’s financial services industry, has welcomed the signing of two tax cooperation agreements with Japan and Poland and the commencement of negotiations with Hong Kong towards a double tax avoidance pact.
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.
Jersey To Ratify Maltese DTA 7/6/2010
Jersey’s legislative assembly, the States, is expected to ratify the convention for the avoidance of double taxation and fiscal evasion signed with Malta on January 25, 2010 when the text is tabled on June 8.
Australia Signs Offshore Agreements 25/5/2010
The Australian government has announced that agreements for the allocation of taxing rights with the Isle of Man, Jersey and the British Virgin Islands have come into force.
Chile Plans More Tax Agreements 30/4/2010
Chilean finance minister, Felipe Larraín, has announced that the government had begun negotiation of Tax Information Exchange Agreements with a series of low-tax jurisdictions as a way of combating tax evasion.
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.
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.
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.
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.
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.
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.
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.
OECD Praises Portugal's Fiscal Plan 11/3/2010
The Organization for Economic Cooperation and Development has welcomed Portugal’s fiscal consolidation plan, emphasizing that it will serve to support growth.
US Senate Approves Tax Extenders Bill 12/3/2010
US Senate Finance Committee Chairman Max Baucus has applauded the Senate’s passage of legislation to extend tax cuts, unemployment insurance benefits and eligibility for unemployment benefits and health care for unemployed workers through the end of 2010.
MEPs Push EU Tobin Tax 12/3/2010
In a recently adopted resolution, the European Parliament has emphasized the need to develop plans for a global tax to discourage excessive risk-taking by financial institutions and to ensure that the financial industry pays for damage caused by the financial crisis.
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.