Isle of Man: Isle Of Man's TIEA With Argentina Now In Force
22 May 2013
Posted by: Author: Maher, T., Hughes, A. Hill, G.&Matthews, D
Source: Mondaq (Dougherty Quinn)
The Isle of Man concluded a Tax Information Exchange Agreement
(TIEA) with the Argentine Republic on 14 December 2012.
In January 2013, the Argentine Embassy in London confirmed that
Argentina had completed its ratification procedures in relation to
Following the February 2013 sitting of Tynwald, the Chief
Minister, Allan Bell MHK, informed the Embassy that ratification by
the Isle of Man had taken place. As a consequence, the agreement
entered into force on 4 May 2013.
The Isle of Man has signed a total of 37 agreements which meet
OECD standards; 27 TIEAs and additionally 10 Double Taxation
The negotiation, signing and ratification of TIEAs demonstrates
the Isle of Man's commitment to meeting agreed international
standards and to the principles of co-operation between countries,
transparency and effective exchange of information in tax
It also demonstrates its dedication to implementing the directives
of the Organisation for Economic Cooperation and Development
(OECD), which are widely viewed as the international standards for
effective tax relations between nations.
The full text of the agreement can be viewed here.