Isle of Man News - POSTED Fri 29-09-2017

Tax agreement with Turkey enters into force

by LC

The Isle of Man’s Agreement for the Exchange of Information Relating to Tax Matters with the Government of the Republic of Turkey enters into force on 7 October 2017.

The agreement was signed on 21 September 2012 at the Turkish Embassy in London between Eddie Teare, then the Isle of Man’s Treasury Minister, and Mehmet Kilci, President of Revenue Administration.

The Isle of Man ratified the agreement at the November 2012 sitting of Tynwald, and on 6 December 2012 Allan Bell, then the Chief Minister of the Isle of Man, informed the Government of the Republic of Turkey that ratification had taken place.

On 7 September 2017, Chief Minister Howard Quayle MHK received notification from His Excellency Abdurrahman Bilgiç that the Government of the Republic of Turkey 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/categories/tax-vat-and-your-money/income-tax-and-national-insurance/international-agreements/

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