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. Poland-IoM Tax Agreements To Enter Into Force

Poland-IoM Tax Agreements To Enter Into Force

by Jason Gorringe, Tax-News.com, London

14 November 2011


The Isle of Man government has noted that both the island and Poland have completed their respective ratification procedures for the entry into force of three bilateral tax agreements.

A Tax Information Exchange Agreement will enter into force on November 27, 2011, followed by two double taxation agreements on November 28, 2011, including: an Agreement for the Avoidance of Double Taxation with respect to Enterprises Operating Ships or Aircraft in International Traffic; and an Agreement for the Avoidance of Double Taxation with respect to Certain Income of Individuals.

The Isle of Man's legislative assembly, the Tynwald ratified the agreements at its June sitting, and notified Poland accordingly on August 4, 2011. The government has now received notice from Polish authorities allowing the agreements to enter into force.

Welcoming the agreements, the Isle of Man government said that “the negotiation, signing and ratification of tax agreements demonstrates the Isle of Man’s commitment to meeting agreed international standards”.

This approach has been endorsed in the OECD report 'Tax Transparency 2011: Report on Progress' which was delivered to the G20 Cannes Summit meeting on 4 November 2011, and reported that the Isle of Man is one of only eight reviewed jurisdictions found to have all elements of effective information exchange in place.

TAGS: individuals | Isle of Man | tax | business | tax information exchange agreement (TIEA) | double tax agreement (DTA) | law | international financial centres (IFC) | offshore | agreements | Poland | standards

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 Tax-News.com 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 »