The Isle of Man has signed a Tax Information Exchange Agreement (TIEA) with Botswana. The TIEA was signed by Botswana’s High Commissioner to the United Kingdom, His Excellency Mr Roy W Blackbeard, and by Manx Treasury Minister, Eddie Teare MHK, at a ceremony held in London on 14 June 2013. This is the Isle of Man’s 28th TIEA and its 38th agreement that meets the OECD international standard on tax co-operation and transparency.

Minister Teare said, “The signing of this agreement is an important step in building closer relations between Botswana and the Isle of Man. Botswana is a Member of the Southern African Development Community (SADC), and this agreement is the first TIEA between the Isle of Man and a SADC country. The Isle of Man is negotiating TIEAs with six other SADC countries, and through these agreements the Island continues to support the OECD’s Global Forum commitment to sharing expertise and best practice on tax transparency and information exchange with developing nations.”

The text of the agreement can be viewed on the International Agreements page of the Isle of Man Treasury Income Tax Division’s website at:
http://www.gov.im/treasury/incometax/sections/practitioners/internationalagreements.xml.