Isle Of Man Signs TIEA With Botswana

Jason Gorringe, Tax-News.com, London

20 June 2013

The Isle of Man signed a Tax Information Exchange Agreement (TIEA) with Botswana on June 14, 2013.

This is the Isle of Man’s 28th TIEA and its 38th agreement that meets the OECD international standard on tax co-operation and transparency.

The TIEA was signed by Botswana’s High Commissioner to the United Kingdom, Roy W Blackbeard, and by Manx Treasury Minister, Eddie Teare, at a ceremony held in London on June 14, 2013.

Minister Teare said, “The signing of this agreement is an important step in building closer relations between Botswana and the Isle of Man. Botswana is a Member of the Southern African Development Community (SADC), and this agreement is the first TIEA between the Isle of Man and a SADC country. The Isle of Man is negotiating TIEAs with six other SADC countries, and through these agreements the Island continues to support the OECD’s Global Forum commitment to sharing expertise and best practice on tax transparency and information exchange with developing nations.”

Last month the Isle of Man Finance Ministry confirmed that its Tax Information Exchange Agreement (TIEA) with Argentina had entered into force.

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