Policy & Resources Committee - P.2016/62
The States are asked to decide:-
Whether they are of the opinion to approve the draft Ordinance entitled "The Income Tax (Guernsey) (Approval of Agreements with Seychelles and Turks and Caicos) Ordinance, 2016", and to direct that the same shall have effect as an Ordinance of the States.
This proposition has been submitted to Her Majesty's Procureur for advice on any legal or constitutional implications in accordance with Rule 4(1) of the Rules of Procedure of the States of Deliberation and their Committees.
EXPLANATORY MEMORANDUM
This Ordinance specifies two agreements providing for the obtaining, furnishing and exchanging of information in relation to tax, made for the purposes of the Income Tax (Guernsey) Law, 1975.
The agreements specified are as follows:
(a) An agreement made between the States of Guernsey and the Government of the Republic of Seychelles, and signed on the 1st September, 2016 and the 12th August, 2016 respectively. The agreement is a Protocol to a Tax Information Exchange Agreement previously made between the States of Guernsey and the Government of Seychelles in December 2011;
(b) An agreement made between the States of Guernsey and the Government of the Turks and Caicos Islands, and signed on the 15th August, 2016 and the 29th June 2016 respectively. The agreement is a Protocol to a Tax Information Exchange Agreement previously made between the States of Guernsey and the Government of Turks and Caicos, signed in April and July 2014 respectively.
