Jersey and Spain have signed a tax information exchange agreement (TIEA) at the Spanish Embassy in London to combat tax evasion.
The pact was signed by Jersey’s assistant chief minister, Senator Philip Ozouf.
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The agreement will come into effect upon completion of their respective domestic procedures for ratification.
Ozouf said: "While Jersey is not a part of the European Union, we are part of Europe and we have long pursued a good neighbour policy towards the Member States of the EU. It is also further evidence of Jersey’s full commitment to compliance with the current international standards on transparency and exchange of information for tax purposes.
"The signing of the agreement is a further strengthening of the relationship between Jersey and Spain.
"We are both members of the Early Adopters Group for the implementation of the new global standard on automatic exchange of information and we are both party to the Multilateral Convention on Mutual Administrative Assistance in Tax Matters."
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