Nov 22 - Gibraltar Covered By OECD and Council of Europe Convention on Mutual Administrative Assistance in Tax Matters

Written by YGTV Team on 22 November 2013.

Coinciding with the signing of the Gibraltar-UK Intergovernmental Agreement (IGA) to improve international tax compliance on 21 November 2013, the OECD announced that the United Kingdom had deposited declarations extending the territorial scope of the OECD and Council of Europe Convention on Mutual Administrative Assistance in Tax Matters to cover Gibraltar.

This follows the Chief Minister’s announcement on 7 June 2013 that he had written to Prime Minister David Cameron to request that the Convention be extended to Gibraltar. Such an extension forms an integral part of the HM Government of Gibraltar’s ongoing policy of having Gibraltar recognised as being at the forefront of jurisdictions seeking to eradicate tax evasion.

The extension of the Convention to Gibraltar significantly expands Gibraltar's information exchange agreement network. The full list of countries and territories covered by the Convention is available via the OECD and Council of Europe websites:

OECD

http://www.oecd.org/ctp/exchange-of-tax- information/conventiononmutualadministrativeassistanceintaxmatters.htm

Council of Europe

http://conventions.coe.int/Treaty/Commun/QueVoulezVous.asp?CL=ENG&CM=1&NT=127