Guernsey updates policy on TIEAs and DTAs

On 19 November 2019, the States of Guernsey Revenue Service issued an updated version of Guernsey’s policy on Tax Information Exchange Agreements (“TIEAs”) and Double Taxation Arrangements (“DTAs”) (Link). The comprehensive DTA negotiations with Bahrain, Gibraltar and the United Arab Emirates have recently been completed and arrangements to sign the Agreements are currently being discussed. Discussions with Panama and Thailand have been terminated, as Panama has signed, and Thailand is considering signing, the Multilateral Convention. Discussions with Bermuda regarding a DTA have been terminated as an alternative agreement to facilitate the Common Reporting Standard (“CRS”) has been signed.

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