Skip to main content Skip to accessibility
This website is not compatible with your web browser. You should install a newer browser. If you live in Jersey and need help upgrading call the States of Jersey web team on 440099.
Government of Jerseygov.je

Information and public services for the Island of Jersey

L'înformâtion et les sèrvices publyis pouor I'Île dé Jèrri

Double Taxation Agreement: Ratification of Agreement between Jersey and Republic of Singapore

A formal published “Ministerial Decision” is required as a record of the decision of a Minister (or an Assistant Minister where they have delegated authority) as they exercise their responsibilities and powers.

Ministers are elected by the States Assembly and have legal responsibilities and powers as “corporation sole” under the States of Jersey Law 2005 by virtue of their office and in their areas of responsibility, including entering into agreements, and under any legislation conferring on them powers.

An accurate record of “Ministerial Decisions” is vital to effective governance, including:

  • demonstrating that good governance, and clear lines of accountability and authority, are in place around decisions-making – including the reasons and basis on which a decision is made, and the action required to implement a decision

  • providing a record of decisions and actions that will be available for examination by States Members, and Panels and Committees of the States Assembly; the public, organisations, and the media; and as a historical record and point of reference for the conduct of public affairs

Ministers are individually accountable to the States Assembly, including for the actions of the departments and agencies which discharge their responsibilities.

The Freedom of Information Law (Jersey) Law 2011 is used as a guide when determining what information is be published. While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.

A decision made on 30 November 2012:

Decision Reference: MD-C-2012-0117 

Decision Summary Title :

Double Taxation Agreement (DTA) between the Government of Jersey and the Government of the Republic of Singapore

Date of Decision Summary:

30th November 2012

Decision Summary Author:

 

Project and Research Officer

Decision Summary:

Public or Exempt?

(State clauses from Code of Practice booklet)

Public

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

n/a

Written Report

Title :

Ratification of the Agreement between the Government of Jersey and the Government of the Republic of Singapore for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income.

Date of Written Report:

23rd November 2012

Written Report Author:

Adviser – International Affairs

Written Report :

Public or Exempt?

(State clauses from Code of Practice booklet)

 Public

Subject: Ratification of the Agreement between the Government of Jersey and the Government of the Republic of Singapore for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income.

Decision(s): The Chief Minister agreed to lodge ‘au Greffe’ the Report and Proposition inviting the States to ratify the Double Taxation Agreement between the Government of Jersey and the Government of the Republic of Singapore.

Reason(s) for Decision: The negotiation of a tax information exchange agreement is seen as a first step in the development of a political and economic relationship with the countries concerned which in due course will lead to the signing of a full or partial double taxation agreement.  However, whenever the opportunity presents itself, the preference has been to negotiate a double taxation agreement from the outset. Some jurisdictions are reluctant to enter into such an agreement with a zero tax jurisdiction because they cannot see any obvious reciprocal benefit.

 

The Double Taxation Agreement signed between the Government of Jersey and the Government of the State of Singapore is the standard OECD agreement between countries to remove double taxation obstacles for the development of economic relations, and so facilitate exchange of goods and services and movements of capital, technology and people. It also delivers the OECD agreed international standard on tax transparency and exchange of information. 

 

The signing of the double taxation agreement with the Government of the Republic of Singapore is a significant step.  Jersey is keen to develop its international business relationships, and therefore it is considered in the Island’s best interests that, through the double taxation agreement with the Government of the Republic of Singapore, Jersey will be further strengthening its international political and business relationships.

Resource Implications: There are no resource implications.

Action required: The Greffier of the States is requested to arrange for the Report and Proposition to be lodged ‘au Greffe’ for States debate at the earliest opportunity.

Signature:

 

 

 

Position:

 

 

Senator I J Gorst, Chief Minister

Date Signed:

 

 

Date of Decision (If different from Date Signed):

Back to top
rating button