Ratification of the Agreement for the exchange of information relating to taxes between the Government of Jersey and the Government of the People’s Republic of China.

STATES OF JERSEY

RATIFICATION OF THE AGREEMENT FOR THE EXCHANGE OF INFORMATION RELATING TO TAXES BETWEEN THE GOVERNMENT OF JERSEY AND THE GOVERNMENT OF THE PEOPLE'S REPUBLIC OF CHINA

Lodged au Greffe on 6th December 2010 by the Chief Minister

STATES GREFFE

2010   Price code: C  P.178

PROPOSITION

THE STATES are asked to decide whether they are of opinion

to ratify the Agreement for the exchange of information relating to taxes between  the  Government  of  Jersey  and  the  Government  of  the  People's Republic of China as set out in the Appendix to the Report of the Chief Minister dated 6th December 2010.

CHIEF MINISTER

REPORT

Agreement to be entered into with the People's Republic of China for the exchange of information relating to taxes

1. The States are asked to ratify the signed Agreement to be entered into with the People's Republic of China for the exchange of information relating to taxes attached as an Appendix to this Report.

Background

2. In February 2002 Jersey entered into a political commitment to support the OECD's tax initiative on transparency and information exchange through the negotiation of Tax Information Exchange Agreements with each of the OECD Member States.
3. In April 2009, following the G20 Summit in London, the OECD published a progress report on the jurisdictions implementing the internationally agreed tax standards of transparency and information exchange. Jersey was included in the  list  of  jurisdictions  that  have  substantially  implemented  the internationally agreed tax standard – what has become known as the "white list" – alongside countries such as the United Kingdom, the United States, Jersey, France, Japan, etc.
4. Since April 2009, subsequent G20 Summits have encouraged further progress in agreeing,  implementing  and  abiding  by  the  necessary  international Agreements. Since early 2009, over 500 Agreements have been signed, where previously only some 45 Agreements had been entered into that complied with the current internationally agreed tax standards.
5. To be included on the OECD "white list" in April 2009, Jersey needed to have signed  12  Tax Information  Exchange  Agreements  (TIEAs)  that  met  the international standards. Since that date, further Agreements have been signed or have been negotiated to the point where they are ready for signing. The latest position in respect of the overall programme of TIEA negotiations is attached as an Appendix to this Report.
6. In  September  2009  the  Global  Forum  on  Transparency  and  Information Exchange  for  Tax Purposes,  a  body  of  which  over  90 jurisdictions  are members, established a peer review process to assess compliance with the international standards. To oversee this process, a Peer Review Group has been  set  up  chaired  by  France  with  4  Vice-Chairs  from  India,  Japan, Singapore and Jersey.
7. The Peer Review process is made up of 2 phases. Phase 1 is concerned with an  assessment  of  the  Laws  and  Regulations  in  place,  and  involves  an assessment of whether these are sufficient to meet the international standards. All of the Global Forum members will be assessed in this respect over a 3 year period  from  March  2010.  Phase 2  is  concerned  with  assessing  the effectiveness  with  which  the  standards  are  being  applied.  A  number  of countries, of which Jersey is one, have volunteered to be assessed for both Phase 1 and Phase 2 within the first 3 year period, and an assessment of Jersey is currently underway. An onsite visit took place at the beginning of June with

assessors from the Global Forum Secretariat, Denmark and Bermuda: a report on the assessment will be considered by the Peer Review Group at the end of November, and subsequently will be considered by the Global Forum in May 2011 and then published.

The Agreement with the People's Republic of China

8. The Tax Information Exchange Agreement entered into with the People's Republic of China is a continuation of the ongoing programme of signing TIEAs or DTAs with all OECD and G20 member countries.
9. Attached as an Appendix to this report is –

1. TheTax Information Exchange Agreement, which is consistent with Agreements signed previously with other countries.

The Agreement provides for the exchange of information on taxes on request. However, that request has to be formulated in writing in the greatest detail possible. There can be no "fishing expeditions". The Agreement will come into force once the parties to the Agreement have ratified it, and any necessary legislative steps have been taken.

2. A Memorandum of Understanding between the competent authorities of the People's Republic of China and the Government of Jersey, which refers to the allocation costs.

Procedure for signing and ratifying the TIEA

10. As has been the practice in respect of all of the TIEAs signed and ratified to- date, the Council of Ministers has had regard for the views of industry, which are very supportive of the programme of TIEA/DTA negotiations in which the Council of Ministers is engaged.
11. The Agreement with the People's Republic of China was signed by the Chief Minister  on  29th  October  2010  in accordance  with  the  provisions  of Article 18(2) of the States of Jersey Law 2005 and paragraph 1.8.5 of the Strategic Plan 2006 – 2011 adopted by the States on 28th June 2006. The Agreement is now being presented to the States for ratification, following which it will be published, entered into the official record, and Regulations will  be  made  for  the  Agreement  to  enter  into  force  when  the  domestic procedures of both parties have been completed.
12. The States,  on  29th  January  2008,  adopted  the  Taxation  (Exchange  of Information with Third Countries) (Jersey) Regulations 2008. The Schedule to these Regulations lists the third countries, and includes the taxes covered by the Agreements being entered into. As further Agreements are entered into, the Regulations need to be amended to include in the Schedule the jurisdiction and  the  taxes  concerned.  The necessary  Regulations  to provide  for  the inclusion in the Schedule of the People's Republic of China and the relevant taxes will be presented to the States for adoption in due course, subsequent to the ratification of the Agreement.

13. The ratification  of  the  Agreement  will  help  to strengthen  further  the developing business relationship with the People's Republic of China. The ongoing  programme  of  negotiating  Agreements  with  OECD  and  G20 members is also continuing to enhance the Island's international personality, and generally is helping to engender a more favourable view of the Island amongst the international community.

Financial and manpower implications

14. There are no implications for the financial or manpower resources of the States arising from the ratification and implementation of the Agreement with the People's Republic of China.

6th December 2010

APPENDIX

AGREEMENT

BETWEEN

THE GOVERNMENT OF JERSEY

AND

THE GOVERNMENT OF THE PEOPLE'S REPUBLIC OF CHINA FOR

THE EXCHANGE OF INFORMATION RELATING TO TAXES

Whereas the Government of Jersey and the Government of the People's Republic of China ("the Contracting Parties"), desire to enhance and facilitate the exchange of information relating to taxes;

Whereas it is acknowledged that the Government of the People's Republic of China is competent to negotiate, conclude and subject to the terms of this Agreement terminate a  tax  information  exchange  agreement  with  the  Government  of  Jersey  and,  it  is acknowledged that the Government of Jersey has the right under the terms of its Entrustment  from  the  United  Kingdom  of  Great  Britain  and  Northern  Ireland  to negotiate, conclude, perform and subject to the terms of this Agreement terminate a tax information exchange agreement with the Government of the People's Republic of China;

Now, the Contracting Parties have agreed to conclude the following Agreement which contains obligations on the Contracting Parties only:

ARTICLE 1 SCOPE OF AGREEMENT

1. The competent authorities of the Contracting Parties shall provide assistance through exchange of information that is foreseeably relevant to the administration and enforcement of the domestic laws of the Contracting Parties concerning taxes covered by this Agreement. Such information shall include information that is foreseeably relevant to the determination, assessment, verification and collection of such taxes, the recovery and enforcement of tax claims, and the investigation or prosecution of tax matters.
2. Information shall be exchanged in accordance with the provisions of this Agreement and shall be treated as confidential in the manner provided in Article 8.

ARTICLE 2 JURISDICTION

The Requested Party is not obliged to provide information which is neither held by its authorities nor in the possession or control of or obtainable by persons who are within its territorial jurisdiction.

ARTICLE 3 TAXES COVERED

1. The taxes covered by this Agreement are: Page - 6

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1. in the case of the People's Republic of China, all taxes except customs tariffs;
2. in the case of Jersey, taxes of every kind and description imposed by the Government.

2. This Agreement shall also apply to any identical or substantially similar taxes imposed by either Contracting Party after the date of signature of this Agreement in addition to, or in place of, any of the taxes listed in paragraph 1.
3. The competent authorities of the Contracting Parties shall notify each other of any  relevant  changes  to the  taxation  and  related  information  gathering  measures covered by this Agreement.
4. The taxes covered by this Agreement may be expanded or modified by mutual agreement of the Contracting Parties in the form agreed upon by both Contracting Parties.

ARTICLE 4 DEFINITIONS

1. In this Agreement:

1. "the People's Republic of China", when used in a geographical sense, means all the territory of the People's Republic of China, including its territorial sea, in which the Chinese laws relating to taxation apply, and any area beyond its territorial sea, within which the People's Republic of China has sovereign rights of exploration for and exploitation of resources of the seabed and its sub-soil and superjacent water resources in accordance with international law and its domestic law;
2. "Jersey", when used in a geographical sense, means the Bailiwick of Jersey, including the territorial seas;
3. "collective investment fund or scheme" means any pooled investment vehicle irrespective of legal form;
4. "company" means any body corporate or any entity that is treated as a body corporate for tax purposes;
5. "competent authority" means,

1. in the  case  of  the  People's  Republic  of  China,  the  State Administration of Taxation or its authorized representative; and
2. in the case of Jersey, the Treasury and Resources Minister or his authorised representative;

6. "information" means any fact, statement, document or record in whatever form;
7. "information gathering measures" means judicial, regulatory or administrative laws and procedures enabling a Contracting Party to obtain and provide the information requested;
8. "person" means a natural person, a company or any entity that is treated as a body corporate for tax purposes, or any other body or group of persons;

9. "public  collective  investment  fund  or  scheme"  means  any  collective investment fund or scheme, in which the purchase, sale or redemption of shares or other interests is not implicitly or explicitly restricted to a limited group of investors;
10. "publicly  traded  company"  means  any  company  whose  principal  class  of shares is listed on a recognised stock exchange provided its listed shares can be readily purchased or sold by the public. Shares can be purchased or sold "by the public" if the purchase or sale of shares is not implicitly or explicitly restricted  to a  limited  group  of  investors;  and  for  this  purpose,  the  term "principal class of shares" means the class or classes of shares representing a majority of the voting power and value of the company. For the purposes of this paragraph the term "recognised stock exchange" means:

1. in the People's Republic of China, the Shanghai Stock Exchange or the Shenzhen Stock Exchange;
2. in Jersey, the Channel Islands Stock Exchange; and
3. any other stock exchange which the competent authorities agree to recognize for the purposes of this Agreement;

11. "requested party" means the party to this Agreement which is requested to provide or has provided information in response to a request;
12. "requesting party" means the party to this Agreement submitting a request for or having received information from the requested party;
13. "tax" means any tax covered by this Agreement.

2. As regards the application of this Agreement at any time by a Contracting Party, any term not defined therein shall, unless the context otherwise requires, have the meaning that it has at that time under the law of that Contracting Party, any meaning under the applicable tax laws of that Contracting Party prevailing over a meaning given to the term under other laws of that Contracting Party.

ARTICLE 5

EXCHANGE OF INFORMATION UPON REQUEST

1. The competent authority of a requested party shall provide upon request in writing information for the purposes referred toin Article 1. Such information shall be exchanged without regard to whether the conduct being investigated would constitute a tax offence under the laws of the requested party if it occurred in the territory of the requested party. The competent authority of the requesting party shall only make a request  for  information  pursuant  to this  Article  when  it is unable  to obtain  the requested information by other means, except where recourse to such means would give rise to disproportionate difficulty.
2. If the information received by the competent authority of the requested party is not sufficient to enable itto comply with the request for information, it shall advise the competent authority of the requesting party of that fact and request such additional information as may be required to enable the effective processing of the request.
3. If  the  information  in  the  possession  of  the  competent  authority  of  the requested  party  is not  sufficient  to enable  it  to comply  with  the  request  for  the information,  the  requested  party  shall  use  its  appropriate  information  gathering

measures necessary to provide the requesting party with the information requested, notwithstanding that the requested party may not need such information for its own tax purposes.

4. If specifically requested by the competent authority of the requesting party, the competent authority of the requested party shall provide information under this Article, to the extent allowable under its domestic laws, in the form of depositions of witnesses and authenticated copies of original records.
5. Each  Contracting  Party  shall  ensure  that  its  competent  authority,  for  the purposes of this Agreement, has the authority to obtain and provide upon request:

1. information  held  by  banks,  other  financial  institutions,  and  any  person, including nominees and trustees, acting in an agency or fiduciary capacity;
2. information  regarding  the  legal  and  beneficial  ownership  of  companies, partnerships,  trusts,  foundations  and  other  persons,  including,  within  the constraints  of  Article 2,  ownership  information  on  all  such  persons  in  an ownership  chain;  in  the  case  of  trusts,  information  on  settlors,  trustees, beneficiaries and protectors; and in the case of foundations, information on founders, members, beneficiaries and directors or other senior officers of the foundation.

6. Notwithstanding the preceding paragraphs, this Agreement does not create an obligation on the parties to obtain or provide ownership information with respect to publicly traded companies or public collective investment funds or schemes, unless such information can be obtained without giving riseto disproportionate difficulties.
7. Any request for information shall be formulated with reasonable detail and shall specify in writing:

1. the identity of the person under examination or investigation;
2. the period for which the information is requested;
3. the nature and type of the information requested, including a description of the information  and/or  specific  evidence  sought,  and  the  form  in which  the requesting party would prefer to receive the information;
4. the tax purposes for which the information is sought;
5. grounds for believing that the information requested is held by the requested party or isin the possession or control of or obtainable by a person subject to the jurisdiction of the requested party;
6. to the extent known, the name and address of any person believed to be in possession or control of or able to obtain the information requested;
7. a statement that the request isin conformity with this Agreement and the laws and administrative practices of the requesting party, and that if the requested information  were  within  the  jurisdiction  of  the  requesting  party  then  the competent  authority  of  the  requesting  party  would  be  able  to obtain  the information under the laws of the requesting party or in the normal course of administrative practice;

8. a statement that the requesting party has pursued all means available in its own territory to obtain the information, except those that would give rise to disproportionate difficulties.

8. The competent authority of the requested party shall acknowledge receipt of the request to the competent authority of the requesting party and shall use its best endeavours  to forward  the  requested  information  as  promptly  as  possible  to the competent authority of the requesting party.

ARTICLE 6

TAX EXAMINATIONS OR INVESTIGATIONS ABROAD

1. The requested party may, in accordance with its domestic laws, following receipt of notice of a reasonable time from the requesting party, allow representatives of the competent authority of the requesting party to enter the territory of the requested party in connection with a request to interview persons and examine records with the prior  written  consent  of  the  persons concerned. The  competent  authorities  of  the Contracting Parties shall agree on the time and place of the intended meeting with the persons concerned.
2. At the request of the competent authority of the requesting party, and in accordance with its domestic laws, the competent authority of the requested party may permit representatives of the competent authority of the requesting party to be present at the tax examination in the territory of the requested party.
3. If the request referred toin paragraph 2 is granted, the competent authority of the requested party conducting the examination shall, as soon as possible, notify the competent authority of the requesting party of the time and place of the examination, the authority or person authorised to carry out the examination and the procedures and conditions required by the requested party for the conduct of the examination. All decisions regarding the conduct of the examination shall be made by the requested party conducting the examination in accordance with its domestic laws.

ARTICLE 7

POSSIBILITY OF DECLINING A REQUEST

1. The competent authority of the requested party may decline to assist:

1. where the request is not made in conformity with this Agreement;
2. where the requesting party has not pursued all means available in its own territory  to obtain  the  information,  except  where  recourse  to such  means would give rise to disproportionate difficulty;
3. where the disclosure of the information requested would be contrary to the public policy (ordre public) of the requested party; or
4. where the competent authority of the requesting party would not be able to obtain the information under its laws or in the normal course of administrative practice  if the  requested  information  were  within  the  jurisdiction  of  the requesting party.

2. This Agreement shall not impose upon a Contracting Party any obligation:

1. to provide information subject to legal privilege as provided for under the domestic  law  of  the  relevant  party  or  which  would  disclose  any  trade, business,  industrial,  commercial  or  professional  secret  or  trade  process. Information described in paragraph 5 of Article 5 shall not by reason of that fact alone constitute such a secret or process;
2. to carry  out  administrative  measures  at  variance  with  its  laws  and administrative practices, provided nothing in this subparagraph shall affect the obligations of a Contracting Party under paragraph 5 of Article 5.

3. A request for information shall not be refused on the ground that the tax liability giving rise to the request is disputed by the taxpayer.
4. The requested party may decline a request for information if the information is requested by the requesting party to administer or enforce a provision of the tax law of the requesting party, or any requirement connected therewith, which discriminates against a national of the requested party as compared with a national of the requesting party in the same circumstances.

ARTICLE 8 CONFIDENTIALITY

1. All information provided and received by the competent authorities of the Contracting Parties shall be kept confidential and shall be disclosed only to persons or authorities  (including  courts  and  administrative  bodies)  in the  jurisdiction  of  the Contracting Parties officially concerned with the purposes specified in Article 1 and used  by  such  persons  or  authorities  only  for  such  purposes,  including  the determination of any appeal. For these purposes, information may be disclosed in public court proceedings or in judicial proceedings.
2. The information may not be used for any purpose other than for the purposes stated in Article 1 and may not be disclosed to any other person or entity or authority without the express written consent of the competent authority of the requested party.

3  The information provided to a requesting Party under this Agreement may not be disclosed to any other jurisdiction.

ARTICLE 9 SAFEGUARDS

The rights and safeguards secured to persons by the laws or administrative practices of the requested party remain applicable. The rights and safeguards shall not be applied by the requested party in a manner that unduly prevents or delays effective exchange of information.

ARTICLE 10 ADMINISTRATIVE COSTS

1. Costs that  would  be  incurred  in the  ordinary  course  of administering  the domestic tax laws of the requested party will be borne by the requested party when such costs are incurred for the purpose of responding to a request for information.

2. All other costs that are not ordinary costs are considered extraordinary costs and will be borne by the requesting party.

ARTICLE 11 LANGUAGE

Requests for assistance and responses thereto shall be in English.

ARTICLE 12

MUTUAL AGREEMENT PROCEDURE

1. Where difficulties or doubts arise between the Contracting Parties regarding the  implementation  or  interpretation  of  this  Agreement,  the  respective  competent authorities shall use their best efforts to resolve the matter by mutual agreement.
2. In  addition  to the  endeavours  referred  to in paragraph 1,  the  competent authorities of the Contracting Parties may mutually determine the procedures to be used under Articles 5 and 6.
3. The competent authorities of the Contracting Parties may communicate with each other directly for the purposes of this Agreement.
4. The Contracting Parties may also agree in writing on other forms of dispute resolution.

ARTICLE 13 ENTRY INTO FORCE

The Contracting Parties shall notify each other in writing that they have completed the internal legal procedures necessary for the entry into force of this Agreement. This Agreement shall enter into force on the thirtieth day upon the receipt of the latter notification. This Agreement shall have effect in respect of taxable years beginning on or after the date of entry into force.

ARTICLE 14 TERMINATION

1. This Agreement shall remain in force until terminated by either Contracting Party.
2. Either Contracting Party may terminate this Agreement by giving notice of termination in writing. Such termination shall become effective on the first day of the month following the expiration of a period of six months after the date of receipt of notice of termination by the other Contracting Party.
3. If this Agreement is terminated, the Contracting Parties shall remain bound by the  provisions  of  Article 8  with  respect  to  any  information  obtained  under  this Agreement. All requests received up to the effective date of termination shall be dealt with in accordance with the terms of this Agreement.

IN WITNESS WHEREOF, the undersigned, being duly authorised by the respective Contracting Parties, have signed this Agreement.

DONE at in duplicate this day of 2010, in the English and Chinese languages, both texts being equally authentic.

For the Government of  For the Government of the Jersey  People's Republic of China

MEMORANDUM OF UNDERSTANDING

BETWEEN

THE COMPETENT AUTHORITIES

OF

THE GOVERNMENT OF JERSEY

AND

THE GOVERNMENT OF THE PEOPLE'S REPUBLIC OF CHINA CONCERNING

THE INTERPRETATION OR APPLICATION

OF

THE AGREEMENT BETWEEN THE GOVERNMENT OF THE PEOPLE'S REPUBLIC OF CHINA AND THE GOVERNMENT OF JERSEY FOR THE EXCHANGE OF INFORMATION RELATING TO TAXES

The  Treasury  and  Resources  Minister  of  Jersey  and  the  State  Administration  of Taxation of the People's Republic of China (hereinafter referred to as "the competent authorities"), desiring to facilitate proper application of the Agreement between the Government of Jersey and the Government of the People's Republic of China for the Exchange  of  Information  Relating  to  Taxes  (hereinafter  referred  to  as  "the Agreement"), have reached the following understandings:

1. With  respect  to  paragraph 8  of  Article 5  (Exchange  of  Information  Upon Request)  of  the  Agreement,  it is  understood  that  the  competent  authority  of  the requested Party shall forward the requested information as promptly as possible to the requesting  Party.  To  ensure  a  prompt  response,  the  competent  authority  of  the requested Party shall:

1. confirm  receipt  of  a request in writing  to the  competent authority  of the requesting Party and shall notify the competent authority of the requesting Party of deficiencies in the request, if any, within 60 days of receipt of the request.
2. if the competent authority of the requested Party has been unable to obtain and provide the information within 90 days of receipt of the request, including if it encounters obstacles in furnishing the information or it refuses to furnish the information, it shall immediately inform the requesting Party, explaining the reason for its inability, the nature of the obstacles or the reasons for its refusal.

2. With respect to Article 10 (Costs) it is understood that:

1. The term "extraordinary costs" includes, but is not limited to:

1. reasonable  costs  of  reproducing  and  transporting  documents  or records to the competent authority of the requesting Party;
2. reasonable fees charged by a financial institution or other third party record keeper for copying records and research related to a specific request for information;
3. reasonable costs for stenographic reports and interviews, depositions or testimony;
4. reasonable fees and expenses, determined in accordance with amounts allowed under applicable law, of a person who voluntarily appears in

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China or in Jersey for an interview, deposition or testimony relating to a particular information request;

5. reasonable  legal  fees  for  non-government  counsel  appointed  or retained,  with  the  approval  of  the  competent  authority  of  the requesting Party, for litigation in the courts of the requested Party related to a specific request for information;

2. The term  "ordinary  costs"  includes,  but  is not  limited  to,  ordinary administrative, postal and overhead expenses incurred by the requested Party in reviewing  and  responding  to information  requests  submitted  by  the requesting Party.
3. If the extraordinary costs pertaining to a specific request are expected to exceed £500 (five hundred sterling pounds), the competent authority of the requested Party will contact the competent authority of the requesting Party to determine  whether  the  requesting  Party  wants  to  continue  to  pursue  the request.
4. The competent authorities will consult not later than 12 months after the date the  Agreement  enters  into  force,  and  upon  request  of  either  competent authority thereafter, with respect to costs incurred or potentially to be incurred under the Agreement and with a view to minimizing such costs.

3. Formal  communications,  including  requests  for  information,  made  in connection with or pursuant to the provisions of the Agreement entered into will be in writing directly to the competent authority of the other party at the addresses given below, or such other address as may be notified by one party to the other from time to time.  Any  subsequent  communications  regarding  requests for information  will  be either  in writing  or  verbally,  whichever  is most  practical,  between  the  earlier mentioned competent authorities or their authorized representatives.

In  the  case  of  the  People's  Republic  of  China,  the  address  is  No. 5, Yangfangdian  West  Road,  Haidian  District,  Beijing,  10038,  the  People's Republic of China

In the case of Jersey, the address is PO Box 56, Cyril Le Marquand House, The Parade, St. Helier , Jersey JE4 8PF

4. This Memorandum of Understanding will come into effect on the entry into force of the Agreement.
5. The competent  authorities  may  jointly  decide,  in writing,  to amend  this Memorandum of Understanding at any time. Amendments to this Memorandum of Understanding will come into effect on the date of the final letter confirming the amendment.
6. This Memorandum of Understanding will remain in effect until terminated at any time in writing, by either competent authority.

DONE at in duplicate this day of 2010, in the English and Chinese languages, both texts being equally authentic.

FOR THE TREASURY AND RESOURCES FOR THE STATE ADMINISTRATION OF MINISTER OF JERSEY  TAXATION OF THE PEOPLE'S

REPUBLIC OF CHINA

STATES OF JERSEY

1. TAX INFORMATION EXCHANGE AGREEMENTS (TIEAs)

1. TIEAs signed

Note: dates in brackets are the expected dates based on latest information from the country concerned.

2. TIEAs initialled/agreed ready for signing:

• Argentina
• Brazil
• Canada
• Indonesia
• India
• Italy
• South Africa

3. TIEAs  where  negotiations  are  well  advanced  with  a  draft  agreement exchanged:

• Czech Republic
• Greece
• Japan
• Spain

4. Jurisdictions contacted from which there has been a positive response and/or initial action has been taken:

• Hungary
• Luxembourg
• Poland
• Russia
• Switzerland

5. Jurisdictions approached but from whom a formal response is awaited:

OECD Member States:

– Austria

– Slovak Republic

G20 Member States:

–  Saudi Arabia

2. DOUBLE TAXATION AGREEMENTS( DTAs)

1. DTAs signed:

• Malta –

signed 25th January 2010 ratified by Malta February 2010 ratified by Jersey June 2010

in force – 19th July 2010

2. DTAs agreed ready for signing

• Estonia

3. DTAs where negotiations are well advanced;

• Bahrain
• Belgium
• Qatar

Enquiries concerning the above should be directed in the first instance to the Adviser – International Affairs in the Chief Minister's Department.

Tel: 44(0)1534 440414 E-mail: c.powell@gov.je  

Adviser – International Affairs 24th November 2010