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Ireland Concludes TIEA With Gibraltar,
by Amanda Banks, Tax-News.com, London
Wednesday, July 01, 2009
The Irish Minister of State at the Department of Finance, Martin Mansergh,
on June 24 signed a Tax Information Exchange Agreement with Gibraltar, the Irish
government has announced.
“Ireland is very pleased to be able to sign this Tax Information Exchange
Agreement with Gibraltar. The signing of this TIEA is concrete evidence of the
significant progress that has been made in recent months,” Mansergh commented.
“This Agreement will allow the Revenue Commissioners to request information
which is relevant to an Irish tax investigation directly from the authorities
in Gibraltar. Information that would typically be relevant is bank account information
and beneficial ownership information for companies and other entities established
in Gibraltar.”
“Ireland welcomes the commitment of Gibraltar to implement the OECD
standards of transparency and exchange of information in tax matters and their
willingness to enter into tax information exchange agreements. The signing of
this Agreement represents a significant development in relations between Ireland
and Gibraltar,” concluded Mansergh.
The agreement is Ireland’s fifth TIEA, having recently concluded
texts with the Isle of Man, Jersey, Guernsey and the Cayman Islands. The agreement
with Ireland marks Gibraltar’s second, having previously signed an agreement
to provide tax information to the United States in April.
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