The Isle of Man on Friday (February 4, 2011) signed a Tax Information Exchange Agreement (TIEA) with India. This is the second agreement to be signed by the Island in the past week, and is its 19th TIEA; the Island has now signed 23 agreements that meet the OECD international standard on tax co-operation and transparency. The signing ceremony took place at the Indian High Commission in London between Mr Nalin Surie, High Commissioner of India to the UK, and Manx Treasury Minister Anne Craine MHK. Minister Craine commented: “The signing of this agreement is an important step in building closer relations between India and the Isle of Man. The TIEA with India is the second agreement that meets the OECD international standard on tax co-operation and transparency that the Island has concluded this week and is further evidence of the Isle of Man’s continuing commitment to tax transparency and effective exchange of information.” 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/treasury/incometax/sections/practitioners/internationalagreements.xml - Ends -