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Latest Treaty Updates: Bermuda

Poland - Bermuda


The TIEA between Poland and Bermuda entered into force on March 15, 2015.

Indonesia - Bermuda


Indonesia ratified its TIEA with Bermuda on September 12, 2014.

Guernsey - Bermuda


The TIEA between Guernsey and Bermuda entered into force on April 5, 2014.

Bermuda - Poland


Bermuda and Poland signed a TIEA on November 25, 2013.

Guernsey - Bermuda


According to preliminary media reports, Guernsey signed a TIEA with Bermuda on October 23, 2013.

Turkey - Bermuda


Turkey completed its domestic ratification procedures in respect of the TIEA signed with Bermuda, publishing an Order in its Official Gazette on January 17, 2013. Consequently, the TIEA is now in force.

Singapore - Bermuda


Singapore's Ministry of Finance has confirmed that the TIEA Singapore signed with Bermuda on October 29, 2012, entered into force on December 6, 2012.

Bermuda - Singapore


According to the Bermudian government, Bermuda and Singapore signed a TIEA on October 29, 2012.

Bermuda - Qatar


The Bermuda government has confirmed the signing of a DTA between Bermuda and Qatar, which took place on May 10, 2012.

Bermuda - Various


The government of Bermuda has announced that Bermuda signed TIEAs with Malaysia and Italy on April 23, 2012.

Qatar - Bermuda


According to preliminary media reports, Qatar's Prime Minister on January 25, 2012, approved a draft DTA between Qatar and Bermuda for signature.

Bermuda - Various


The Bermuda government on January 24, 2012, announced the signing of TIEAs with Turkey and South Korea.

Turkey - Bermuda


Turkey and Bermuda have signed a TIEA, the Bermuda government confirmed on January 24, 2012.

Aruba - Bermuda


According to preliminary media reports, the TIEA between Bermuda and Aruba, signed in 2009, entered into force on December 1, 2011.

Bermuda - Malta


According to the government of Bermuda, a TIEA between Bermuda and Malta was signed on November 24, 2011.

Bermuda - South Africa


The TIEA between Bermuda and South Africa was signed by Bermuda Finance Minister Paula Cox on September 6. The agreement has already been signed by South Africa and must be ratified by both countries before it can enter into force.

Argentina - Bermuda


The Bermudian government has announced that a TIEA between Bermuda and Argentina was signed on August 22, 2011.

Bermuda - Czech Republic


According to the Bermudan government, a TIEA with the Czech Republic was signed on August 15, 2011. The TIEA adheres to the OECD standard on information exchange.

Bermuda - Canada


According to the Canadian government, Canada's TIEA with Bermuda became effective on July 1, 2011. It was signed on June 14, 2010.

Bermuda - Indonesia


According to a statement from the Bermudan government, a Tax Information Exchange Agreement was signed with Indonesia on June 22, 2011.

Bermuda - Indonesia


According to Bermuda's governing party, Bermuda has signed a TIEA with Indonesia. The TIEA provides for the full exchange of information on criminal and civil tax matters. Negotiations first took place a year ago.

Sweden - Bermuda


The TIEA had been signed on April 17, 2010.

Canada - Bermuda


The TIEA covers taxes on income and capital imposed in Canada, and in Bermuda, income and capital taxes. The TIEA provides for the exchange of information relevant to the administration of domestic tax laws, and information relevant to the determination, assessment and collection of taxes, the recovery and enforcement of tax claims, or the investigation or prosecution of tax matters. The TIEA also provides for the exchange of information held by banks and financial institutions, and information on the ownership of companies, partnerships, and, in certain cases, trusts and foundations. The TIEA also provides a mutual agreement procedure to resolve interpretation or application difficulties.

Treaty Updates by Territory

Latest News

India Rapidly Expanding Tax Agreement Network

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.

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Colombia, Portugal Sign DTA

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.

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Bermuda, Bahrain Explore Economic Synergies

Bermuda and Bahrain have agreed to work together to develop a multi-faceted relationship and to explore numerous opportunities covering investment, insurance and re-insurance, following the signing, earlier this year, of a convention for the avoidance of double tax and fiscal evasion, Bermuda Finance Minister Paula Cox has announced.

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Bermuda Concludes Landmark TIEA With Italy

Bermuda’s Minister for Finance, Paula Cox has announced the conclusion of Tax Information Exchange Agreement negotiations with Italy, meaning that, when signed, the jurisdiction will have information exchange agreements with all G7 countries.

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Chile Plans More Tax Agreements

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.

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Bahrain, Bermuda Sign DTA

On April 22, in Washington, D.C., Bahrain and Bermuda signed an avoidance of double taxation agreement, which also includes provision for the full exchange of information on criminal and civil tax matters consistent with the internationally agreed standard set by the Organization for Economic Cooperation and Development.

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Hong Kong Property Taxes Reviewed

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.

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NZ Emissions 'Tax' Attacked

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.

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Orascom Loses Algerian Tax Appeal

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.

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Switzerland, Slovakia Initial Revised DTA

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.

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UK Budget To Hit The Rich

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.

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Germany Approves Liechtenstein TIEA

Germany’s Cabinet has recently approved a bill pertaining to the bilateral tax information exchange agreement with Liechtenstein.

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UAE Completes VAT Study

Authorities in the United Arab Emirates are inching closer to the introduction of a value-added tax.

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Malaysia Not Cancelling GST

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.

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Australia Promised Full Debate On Tax Review

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.

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Jersey Riding Out Onshore Storm

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.

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BVI To Review Taxes And Fees

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.

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IRS Offers Help To Struggling Taxpayers

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.

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Baucus Seeks Trade Preference Reform

Senate Finance Committee Chairman Max Baucus is leading efforts for reform of US trade preference programs accorded to developing countries.

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OECD Urges Fiscal Policy Shift

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.

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Norway Urged To Revise Fiscal Policy

The Organization for Economic Cooperation and Development has called on Norwegian authorities to revise fiscal policy in light of the nation’s recovering economy.

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Amazon Retaliates Against Colorado

11/3/2010 cut ties with its Colorado affiliate marketers on March 8 after the US state forged ahead with its plan to introduce a mandatory Internet sales tax on e-businesses with an annual turnover exceeding USD100,000.

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Bahrain And UK Sign DTA

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.

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Australia And Chile Sign DTA

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.

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Swiss-German Tax Talks Resume

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.

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