A Tax Information Exchange Arrangement between the United Kingdom and the Turks and Caicos Islands was signed in London on 22 July 2009 by Andrew Allen, Acting Director Overseas Territories Directorate Foreign and Commonwealth Office and The Honourable Royal Robinson, Deputy Premier and Minister for Health and Finance of the Turks and Caicos Islands.
The new TIEA with the Turks and Caicos Islands provides for comprehensive exchange of information to the OECD and international tax standard in respect of UK direct taxes and VAT. This is the first TIEA to be signed by the Turks and Caicos Islands but its Government also signed TIEAs with the Netherlands and Ireland on 22 July 2009 and expects to sign more TIEAs soon.
The text of the TIEA can be accessed on the Internet at:
Turks and Caicos Islands: Tax Information Exchange Arrangement (TIEA) (PDF 53K)
The text will shortly be laid as a Schedule to a draft Order in Council for consideration by the House of Commons. It will then also be available from the Stationery Office.
The Arrangement will come into effect as soon as each government has completed the necessary procedures to give effect to it under its domestic laws.
July 2009
