IOM Signs TIEA With Slovenia

by Jason Gorringe, Tax-News.com, London

30 June 2011

The Isle of Man government has announced the signing of a Tax Information Exchange Agreement (TIEA) and a convention for the avoidance of double taxation and fiscal evasion with respect to taxes on income with Slovenia, in Douglas on June 27, 2011.

The two agreements were signed by the Isle of Man Treasury Minister, Anne Craine and by Slovenian Ambassador Iztok Jarc.

The TIEA signed with Slovenia is the Isle of Man's 24th dedicated agreement for the exchange of tax information and the 28th agreement concluded by the territory that meets the Organization for Economic and Cooperation Development (OECD) international standard on tax cooperation and transparency.

Welcoming the signing, Craine said: “I understand that the TIEA we signed today is Slovenia’s first and I am delighted that we are able to welcome the Ambassador to the Isle of Man for such a significant event. Tax transparency and effective exchange of information are topics the Isle of Man takes very seriously, as the recent report by the OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes shows. Continuing to expand its network of tax agreements, particularly with its neighbours in the European Union, remains important to the island.”

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