As part of the Isle of Man Government's ongoing programme of
signing Double Taxation Agreements and Tax Information Exchange
Agreement (TIEAs), Treasury Minister Eddie Teare MHK signed TIEAs
with Italy and Lesotho today in London.
The TIEA with the Government of the Italian Republic was signed by
His Excellency Pasquale Terracciano, Italian Ambassador in London,
and the TIEA with the Government of the Kingdom of Lesotho was
signed by Mrs Maanna Mapetja, the Acting High Commissioner of the
Kingdom of Lesotho in the United Kingdom.
Minister Teare said, "The Isle of Man Government welcomes the
signing of the Tax Information Exchange Agreements with Italy and
Lesotho. These agreements are the Island's 30th and 31st TIEAs
and the Island now has 41 agreements that meet the OECD
international standard on tax co-operation and transparency. Italy
is the 17th EU Member State with whom the Isle of Man has signed an
agreement that meets to OECD standard, whilst the agreement with
Lesotho is the 3rd the Island has signed with Members of the
Southern African Development Community and it demonstrates the
Island's continuing support to the OECD's Global Forum
commitment to sharing expertise and best practice on tax
transparency and information exchange with developing
nations."
The full text of the agreement can be viewed here.
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