Faroe Islands News

OECD Releases New Action 14 Peer Review Reports
by Ulrika Lomas, Tax-News.com, Brussels
Friday, July 31, 2020
The OECD has released peer review reports reviewing nine territories' progress towards implementing the BEPS Action 14 standard, on improving tax dispute resolution. Read Full Story

BEPS Changes To Nordic Double Tax Agreement To Take Effect
by Ulrika Lomas, Tax-News.com, Brussels
Monday, December 2, 2019
The double tax agreement between the Nordic countries will be updated with new anti-tax base erosion and profit shifting provisions with effect from January 1, 2020. Read Full Story

OECD Seeks Feedback On Dispute Resolution In Ten Jurisdictions
by Ulrika Lomas, Tax-News.com, Brussels
Thursday, July 25, 2019
The OECD has requested stakeholders' input on the dispute resolution processes in place in Andorra, Anguilla, Bahamas, Bermuda, the British Virgin Islands, the Cayman Islands, the Faroe Islands, Macau (China), Morocco, and Tunisia. Read Full Story

Switzerland Consults On Implementation Of AEOI Agreements
by Ulrika Lomas, Tax-News.com, Brussels
Thursday, December 29, 2016
The Swiss Federal Department of Finance has launched a consultation on the introduction of the automatic exchange of information in tax matters with a series of other countries. Read Full Story

Nordic Nations Sign 40th TIEA
by Ulrika Lomas, Tax-News.com, Brussels
Friday, December 7, 2012
With the signature of the latest tax information exchange agreement with Jamaica, the Nordic group of territories (Sweden, Denmark, Norway, Finland, Iceland, Greenland, and the Faroe Islands) has now signed tax cooperation agreements with 40 territories. Read Full Story

Liechtenstein's Nordic TIEAs Enter Into Force
by Ulrika Lomas, Tax-News.com, Brussels
Friday, March 30, 2012
The Liechtenstein government has recently announced that the bilateral tax information exchange agreements (TIEAs) concluded with Norway, Finland, Iceland, Greenland and the Faroe Islands are due to enter into force shortly, following ratification of the treaties by the relevant contracting parties. Read Full Story

The Seychelles Adds Guernsey TIEA
by Mary Swire, Tax-News.com, Hong Kong
Tuesday, January 3, 2012
The Seychelles has noted the signing of a Tax Information Exchange Agreement with Guernsey as a significant step in boosting bilateral relations between the two territories. Read Full Story

Latin American States Expand Treaty Networks
by Mike Godfrey, Tax-News.com, London
Tuesday, July 5, 2011
Panama and Costa Rica have expanded their tax treaty networks, with the former signing a new double tax agreement, and the latter inking seven tax information exchange agreements. Read Full Story

Barbados Initials Nordic Treaties
by Amanda Banks, Tax-News.com, London
Monday, July 4, 2011
Barbados has initialled tax information exchange agreements with three Nordic territories, initialled a tax treaty with Iceland, and added protocols to three existing tax treaties. Read Full Story

Macau, Nordic Countries Sign TIEA
by Mary Swire, Tax-News.com, Hong Kong
Thursday, May 5, 2011
Macau, which is, along with Hong Kong, one of the two special administrative regions of the People's Republic of China, and the Nordic countries of Denmark, Finland, Norway, Sweden, Iceland, and the autonomous territories the Faroe Islands and Greenland, have signed a tax information exchange agreement. Read Full Story
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