Guernsey signs tax agreements with Argentina and Cayman Islands

Guernsey has signed Tax Information Exchange Agreements (TIEAs) with Argentina and the Cayman Islands.

The latest exchange of regulatory signatures brings the total number of TIEAs signed by Guernsey with other jurisdictions to 26.

Argentina is the 11th member of the G20 major economies to enter into a TIEA with the Island. 

Under the terms of a TIEA, the signatories will, on request, exchange bank and other information relating to both criminal and civil tax matters.

Guernsey’s Chief Minister, Lyndon Trott, said,  “I am delighted to announce that with the signing of the agreement with Argentina, our first with a South American country, Guernsey has now entered into TIEAs with more than half of the G20 major economies and, with the Cayman Islands agreement, Guernsey has now signed its first TIEA with a Caribbean territory.”

Guernsey also believes the signing of these TIEAs further underlines the Island’s ongoing commitment to the international standards of wider transparency and exchange of information in tax matters.

The Island’s regulators are proud of the fact that Guernsey was within the very first wave of jurisdictions placed on the OECD ‘white list’ in April 2009 and earlier this year it received endorsement from the OECD Global Forum for tax transparency and exchange of information.

Guernsey has now signed Tax Information Exchange Agreements (TIEAs) with 26 territories:

Argentina, Australia, Canada, Cayman Islands, China, Denmark, Faroe Islands, Finland, France, Germany, Greece, Greenland, Iceland, Indonesia, Ireland, Mexico, Netherlands, New Zealand, Norway, Portugal, Romania, San Marino, South Africa, Sweden, United Kingdom and the United States of America.

http://www.gfsc.gg