The Isle of Man's Tax Information Exchange Agreement (TIEA) and agreement for the Avoidance of Double Taxation with the Republic of Slovenia entered into force on 31 August 2012.

The agreements were signed on 27 June 2011 in Douglas, Isle of Man by His Excellency Iztok Jarc, the Slovenian Ambassador and by the then Manx Treasury Minister, Anne Craine MHK.

The Isle of Man ratified the agreements at the December 2011 sitting of Tynwald and the Slovenian Ministry of Foreign Affairs has now confirmed that the Republic of Slovenia has also completed its ratification procedures.

The negotiation, signing and ratification of TIEAs demonstrates the Isle of Man's commitment to meeting agreed international standards and to the principles of co-operation between countries, transparency and effective exchange of information in tax matters. It also demonstrates its dedication to implementing the directives of the Organisation for Economic Cooperation and Development (OECD), which are widely viewed as the international standards for effective tax relations between nations.

The full text of the agreements can be viewed here

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.