17 April 2013
Jersey signed a comprehensive Double Taxation Agreement (DTA) with Luxembourg today (17 April 2013).
This is the Island’s eighth DTA and 39th international tax agreement that meets the OECD tax standards on transparency and information exchange.
The DTA was signed at the Embassy of the Grand Duchy of Luxembourg in London by the Assistant Chief Minister with responsibility for External Relations, Senator Sir Philip Bailhache, for the Government of Jersey, and by the Chargé d’Affaires, Ms Béatrice Kirsch, for the Government of the Grand Duchy of Luxembourg.
Senator Bailhache said "The signing of the DTA with Luxembourg continues Jersey’s firm and longstanding commitment to international standards of transparency and information exchange. Jersey also pursues a good neighbour policy in relation to the European Union and we are therefore delighted that the signing of the DTA will further strengthen our political and business relationship with an EU Member State. The signing of a DTA with Luxembourg is particularly welcome because we have a great deal in common as international finance centres and the Agreement will serve to further strengthen what is already an important business relationship."