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Argentina Signs TIEAs With IoM, Azerbaijan

by Mike Godfrey, Tax-News.com, Washington

19 December 2012


The head of Argentina's tax authority, Ricardo Echegaray, has signed two tax information exchange agreements (TIEAs) on behalf of the nation during recent meetings with officials from the governments of the Isle of Man and Azerbaijan.

On December 14, 2012, Echegaray signed an agreement with the Isle of Man's Treasury Minister, Eddie Teare, before leaving for Baku, Azerbaijan to meet and sign an additional pact with that nation's Minister of Taxes, Fazil Mammadov, on December 17.

The agreements will establish a legal framework to facilitate bilateral information exchange on request, where there is evidence of the perpetration of fiscal crime.

Welcoming the island's 27th TIEA, and its 33rd agreement that meets the Organization for Economic Cooperation and Development's international standard on tax cooperation and transparency, Teare commented:

"The signing of this agreement is an important step in building closer relations between Argentina and the Isle of Man. Argentina is a G20 country and a member of the OECD Global Forum on Transparency and Exchange of Information for Tax Purposes, so this is a significant addition to the Isle of Man’s network of international tax agreements. This agreement is the first between the Isle of Man and a South American country and its addition to our expanding network of agreements demonstrates the Isle of Man’s commitment to international standards of tax transparency and effective exchange of information.”

TAGS: Isle of Man | tax | investment | tax information exchange agreement (TIEA) | law | tax authority | agreements | Azerbaijan | standards | Argentina

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