The tax information exchange agreement (TIEA) with the Italian Republic will be signed on 13 March 2012.

Senator Sir Philip Bailhache, Assistant Chief Minister responsible for external affairs and Alain Giorgio Maria Economides, Italy’s ambassador to the UK will sign the agreement at the Italian Embassy in London.

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Senator Bailhache said, "We have been pressing the Italian authorities to sign the TIEA for some time and we look forward to working closely with them on the implementation of the agreement. We hope to extend this relationship to other matters of mutual interest and to this end I have extended an invitation to the Ambassador to visit Jersey at an early date."

"Our objective is to have tax agreements providing for information exchange to the international standard with all 27 EU Member States and we are delighted that we now have 14 agreements signed and negotiations with a further 11 well advanced," he further added.

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