The development means that Jersey has now signed seven double tax agreements as well as 29 Tax Information Exchange Agreements.
Jersey’s assistant chief minister with responsibility for External Relations, Philip Bailhache, Guernsey’s deputy chief minister, Jonathan Le Tocq, and the Isle of Man’s treasury minister, Eddie Teare signed the agreement.
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The agreement has been drafted to ensure that income is not taxed twice. It will cover corporate and personal income taxes, including profits, dividends, interest, royalties, and income from employment and pensions.
The agreements also provide for the exchange of information on request in line with international standards.
Geoff Cook, CEO of Jersey Finance, said: "As well as facilitating further business between the Crown Dependencies by affirming a robust taxation framework for financial flows between Jersey, Guernsey and the Isle of Man, these DTAs also underline a shared commitment to meeting international standards and cooperating at an industry and a political level,"
"The message is a powerful one and should positively impact the reputation of the Crown Dependencies on the international stage and consequently Jersey’s attraction to investors," Cook added.
