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Guernsey, Turkey Agree To Exchange Tax Information

by Amanda Banks, Lowtax.net, London
31 October, 2017

Guernsey and Turkey have ratified a tax information exchange agreement signed on March 13, 2012.

The agreement applies to all taxes and takes effect from October 6, 2017, for criminal matters, and from January 1, 2017, for all other purposes.

Information will be exchanged upon request. The agreement also allows tax officials from either country to conduct tax examinations in the other country for the purpose of interviewing individuals and examining records, but only with the prior written consent of the persons concerned.

Information exchanged must be kept confidential by the receiving party.

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