CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Gibraltar, South Africa Sign TIEA

Gibraltar, South Africa Sign TIEA

by Jason Gorringe,, London

06 February 2012

Gibraltar's Minister for Financial Services, Gilbert Licudi, has welcomed the signing of the territory's 20th tax information exchange agreement, with South Africa.

The agreement was signed in Pretoria by South Africa's Minister for Finance, Pravin Gordhan, and sent by courier for counter-signing by Licudi. The agreement is the second of late, following the signing a week earlier between Gibraltar and Malta. So far, a total of sixteen of Gibraltar's TIEAs have entered into force.

Welcoming the pact, Licudi said: “I am delighted to have signed this tax information exchange agreement. These agreements are fundamental to assist in widening the scope of business opportunities for Gibraltar-based financial services firms. The government in its manifesto said that it wanted to broaden Gibraltar’s business prospects to include more countries outside Europe.”

On behalf of the government of South Africa, Gordhan added: “South Africa welcomes the signing of the Tax Information Exchange Agreement with Gibraltar as these agreements provide jurisdictions with the legal basis for effective exchange of information, a vital function in the fight against tax evasion and unacceptable tax avoidance. South Africa looks forward to future cooperation and assistance between our jurisdictions in this global endeavour, which is already reflecting major progress towards more transparency in tax matters.”

TAGS: South Africa | compliance | tax | investment | business | tax information exchange agreement (TIEA) | tax compliance | Gibraltar | tax avoidance | law | banking | international financial centres (IFC) | offshore | agreements | offshore banking | services | Africa

To see today's news, click here.


Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »

Stay Updated

Please enter your email address to join the mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.

To manage your mailing list preferences, please click here »