While Guernsey’s chief minister, Peter Harwood inked two agreements, with Italy and Latvia, Jersey’s treasury minister, Philip Ozouf signed an agreement on behalf of Jersey with Austria.
Ozouf, on behalf of Jersey, remarked "This is another important step forward in Jersey’s programme of entering into tax agreements with all of the EU member states."
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"With this signing we will have signed a total of 33 tax agreements to the OECD standard of which 15 are with EU member states, and negotiations with a further ten member states are well advanced," he added.
The TIEA will come into force after Jersey and the Republic of Austria completes their domestic procedures. In the case of Jersey the procedures include the ratification of the agreement by the States of Jersey.
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By GlobalData
