Jersey has signed a double tax agreement (DTA) with Qatar. The agreement was signed in Qatar on Tuesday 20 March 2012 by Senator Sir Philip Bailhache, Assistant Chief Minister with responsibility for external affairs, and Moftah Jassim Al Moftah, Qatar’s Director of Public Revenues and Taxes.

Senator Bailhache said: “I am delighted to have signed this DTA with Qatar, an important financial centre in the Gulf region with which we are keen to develop an ever strengthening business relationship. During my visit I also had the great pleasure of meeting His Excellency Yousef Hussain Kamal, the Minister of Economy and Finance, with whom I discussed the trading and investment opportunities which we are sure will be better taken advantage of to our mutual benefit as result of the agreement.”

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Notes to editors:

Immediately prior to visiting Qatar, Senator Sir Philip Bailhache had also visited Abu Dhabi and Dubai.

This is the fourth full DTA that Jersey has signed that complies with the OECD Model Agreement. The other three DTAs are with Estonia, Hong Kong China and Malta.

The DTA provides for the avoidance of double taxation in respect of both corporate and personal incomes including business profits, dividends, interest, royalties, income from employment and pensions. The DTA also provides for the exchange of information on request equivalent to that provided for in the tax information exchange agreements(TIEAs) that Jersey has signed.

For further information, contact Colin Powell, Adviser – International Affairs, Chief Minister’s Dept; tel 44 (0) 1534 440414; email: c.powell@gov.je