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Faroe Islands News

OECD Releases New Action 14 Peer Review Reports

by Ulrika Lomas,, 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,, 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,, 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,, 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,, 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,, 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,, 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,, 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,, 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,, 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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