Guernsey signed a TIEA with Montserrat on April 7, 2014. The text has been sent to Montserrat for signature.
The TIEA signed between Ireland and Montserrat was referred to the parliamentary finance committee on January 16, 2013, as part of the nation's approval procedure.
The UK tax authority, HM Revenue and Customs, has confirmed that the Protocol to the UK-Monserrat DTA went into force on March 14, 2012.
According to preliminary media reports, the TIEA signed between Monserrat and the Netherlands in December 2009 will enter into force on December 1, 2011.
Montserrat signed its 12th TIEA, with Germany, on November 2, 2011, placing the territory on the list of jurisdictions which have substantially implemented the internationally-agreed standard on tax transparency, according to the OECD.
The TIEA was signed on January 18, 2010, and has effect from May 19, 2011. The TIEA applies to taxes of all kinds, and to any identical taxes imposed/taxes amended after date of signature. The TIEA provides for the exchange of information relevant to determination, assessment and collection of taxes, the recovery and enforcement of tax claims, and the investigation or prosecution of tax matters. The TIEA also provides for exchange of information held by banks and financial institutions, and information regarding ownership of companies, partnerships etc.