The Isle of Man’s Agreement for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income with Jersey will enter into force on 10 July 2013.

The Agreement was signed on 24 January 2013 in London between Eddie Teare MHK, the Isle of Man’s Treasury Minister, and Senator Sir Philip Bailhache, Jersey’s Assistant Chief Minister.

The Isle of Man ratified the Agreement at the March 2013 sitting of Tynwald, and the Chief Minister, Allan Bell HMK, informed Jersey that ratification had taken place.

The Chief Minister of Jersey, Senator Ian Gorst, has now confirmed that Jersey has completed its own ratification procedures.

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.