Double Taxation Convention A complete list of contracts signed by the Government of Jersey with links to the full text in PDF format. Guernsey has signed Tax Information Exchange Agreements (TIEAs) with 60 jurisdictions and comprehensive double taxation agreements (DTAs) with Cyprus, Hong Kong, the Isle of Man, Jersey, Liechtenstein, Luxembourg, Malta, Mauritius, Monaco, Qatar, Seychelles, Singapore and the United Kingdom. Taxes paid in these jurisdictions, with the exception of those paid on dividends or interest on bonds, are permitted as an account of Guernsey income tax payable. MP St. “While the previous double taxation treaty with the UK has provided good services to both parties for more than 60 years, it was important to negotiate a new agreement reflecting changes in international taxation since the 1950s and the island`s obligation to comply with international tax standards, including the most recent BEPS standards. By the OECD. In addition to a temporary agreement with France, Jersey has just concluded tax agreements with 15 countries and territories. These are shown in the table below, as well as the year of entry into force of the most recent treaty between the two areas. Last Monday, representatives of the governments of Jersey, Guernsey and the Isle of Man signed the new agreements that significantly improve and modernise the Crown Dependencies` DTAs with Britain. These DTAs comply with new international tax standards, which are largely in line with the OECD Model Tax Agreement, and cover several of the Base Erosion and Profit Shifting (beps) measures. As early as the 1950s, the original double taxation agreements (“DTAs”) between the United Kingdom and the Crown Dependencies came into force and have remained broadly the same ever since.
The new treaties now all contain a non-discrimination clause (Article 24) and should in principle be considered “fully treated countries” for the uk`s tax purposes. Therefore, multinational enterprises should take into account the impact of this amendment on double taxation relief, the application of the branch exemption choice and future offshore revenues with regard to the right to intangible assets. . . .