Download UK and Jersey Letter Exchanges (size 60kb) They help governments enforce national tax law by offering the opportunity to exchange relevant tax information on request. Unlike double taxation conventions, TIEAs do not always eliminate double taxation of income. The aim of this agreement is to promote international cooperation in tax matters through the exchange of information. It was developed by the OECD Global Forum Working Group on Effective Information Exchange. All agreements between the United States and our trading partners are available separately on the relevant authorities` agreements page. All agreements have been signed and ratified, unless otherwise stated. A tieA request for information model has been developed to assist the relevant authorities of TIEA partners in requesting information. It is available in English and French as well as in Spanish, German, Italian, Japanese, Korean and Turkish. The agreement was born out of the OECD`s work on combating harmful tax practices. The lack of effective exchange of information is one of the main criteria for determining harmful tax practices. The agreement is the standard for the effective exchange of information within the meaning of the OECD`s initiative on harmful tax practices.
1 Country reports for the 2016 exercises will be exchanged spontaneously. (Common statement) PDF To view a summary of Jersey`s international tax agreements and progress with countries that have not yet signed an agreement with Jersey, download the document below: Jersey has signed a series of TIEAs based on this OECD model that allow us to send and receive tax information with more than 30 countries. This figure is expected to increase over time. In June 2015, the OECD`s Tax Affairs Committee (CFA) approved a standard protocol on the agreement. The standard protocol can be used by jurisdictions if they wish to extend the scope of their existing TIEAs to the automatic and/or spontaneous exchange of information. Jersey can also exchange tax information with other countries under the double taxation conventions, the multilateral convention and with EU member states under the EU Savings Tax Directive. Data on cross-border reports are exchanged under bilateral agreements on the competent authorities (CAA), which are based on double taxation agreements, tax information exchange agreements or the Convention on Mutual Assistance in Tax Matters, which allows for the automatic exchange of information. This table includes jurisdictions that are negotiating for an AAC, have complied with U.S. bilateral data protection and infrastructure audit provisions, and have agreed to be on the list. The table also includes jurisdictions with which the IRS and the Tribunal`s competent authority have signed a CAA.
Tax information exchange agreements (TIEA) are signed by two countries that agree to cooperate on tax matters through the exchange of information. Jersey has been exchanging information with other countries since 2007 using TIEA.