Guernsey: Guernsey Signs DTAs With Jersey And Isle Of Man
Last Updated: 31 January 2013

Guernsey has signed Double Taxation Agreements (DTAs) with the two other British Crown Dependencies, Jersey and the Isle of Man.

Jonathan Le Tocq, Deputy Chief Minister, signed the separate agreements on behalf of the Government of Guernsey. One was signed for Jersey by Senator Sir Philip Bailhache, Assistant Chief Minister with responsibility for External Relations, and the other for the Isle of Man by Eddie Teare MHK, Treasury Minister. 

Guernsey's Deputy Chief Minister said: "I am very pleased to have signed these two Double Taxation Agreements, which will further reinforce the political and business relationships between the three Crown Dependencies. 

"These Agreements meet the highest current international standards, and to re-emphasise Guernsey's commitment to the highest standards of transparency and co-operation on tax information."

Guernsey's Director of Income Tax, Rob Gray, said: "The Jersey agreement provides an update to the existing DTA, dating from the 1950s, and it, and the new agreement with the Isle of Man, establishes a basis for avoidance of double taxation involving business and other financial transactions between persons residing in all three Crown Dependencies."

The agreements are in accordance with the OECD Model Double Taxation Convention. 

They provide for the avoidance of double taxation in respect of both corporate and personal incomes including business profits, dividends, interest, royalties, income from employment and pensions.

The agreements also provide for the exchange of information on request equivalent to that provided for in the Tax Information Exchange Agreements (TIEAs) that Guernsey has signed. 

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