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27 Aug 099 Australia signs tax transparency treaty with Gibraltar

In a media release issued on 26 August 2009, the Assistant Treasurer, Senator Nick Sherry, announced Australia and Gibraltar have signed a Tax Information Exchange Agreement (TIEA), now bringing to seven the number of TIEAs signed by Australia since 2005.

"This agreement will provide a legal basis for the bilateral exchange of information, on request, for both civil and criminal tax purposes. It will allow the Commissioner of Taxation to request information relevant to an Australian tax investigation directly from the authorities in Gibraltar. As a result of Gibraltar's constructive cooperation in this area, Australia will remove any governmental references to Gibraltar as a tax haven," the Assistant Treasurer said.

For a copy of the media release, No 2009/037, 26 August 2009, go here

For a copy of the Australia-Gibraltar Tax Information Exchange Agreement, go here


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