Guernsey has signed a double taxation arrangement (DTA) with Luxembourg, taking the number of jurisdictions with which it has similar agreements up to eight.
The other jurisdictions Guernsey has signed a DTA with include the UK, Malta, Isle of Man, Jersey, Qatar, Singapore and Hong Kong.
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Gavin St Pier, Guernsey’s Treasury and Resources minister, said: "This is an important further component in Guernsey’s network of tax agreements.
"Following on so closely from the signing of our DTA with Hong Kong, it is further demonstration of Guernsey meeting the highest global standards of international tax co-operation."
Guernsey director of Income Tax, Rob Gray, said: "This DTA will create a mechanism for alleviating double taxation and exchanging tax information with Luxembourg relating to both corporate and personal incomes.
"It also means that Guernsey’s network of agreements continues to cover the majority of EU Member States and G20 countries."
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By GlobalDataIn addition to the DTAs, Guernsey continues to sign Tax Information Exchange Agreements (TIEAs) with other jurisdictions. The latest have been signed with Botswana and Swaziland, taking the number of TIEAs agreed to 43.
