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Isle of Man Signs First South American Tax Agreement

Posted on in IQE Isle of Man

The Isle of Man has signed a Tax Information Exchange Agreement ("TIEA") with Argentina, making this the first between the Island and a South American country.

The TIEA was signed at a ceremony held in London on 14th December 2012 by the Isle of Man Treasury Minister Eddie Teare and Argentina's Federal Administrator Dr. Ricardo Echegaray.

Minister Teare commented: "The signing of this agreement is an important step in building closer relations between Argentina and the Isle of Man.  Argentina is a G20 country and a member of the OECD Global Forum on Transparency and Exchange of Information for Tax Purposes, so this is a significant addition to the Isle of Man's network of international tax agreements. This agreement is the first between the Isle of Man and a South American country and its addition to our expanding network of agreements demonstrates the Isle of Man's commitment to international standards of tax transparency and effective exchange of information."

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