Jersey and Poland signed a tax information exchange agreement (TIEA) at the Polish Embassy in London today (2 December 2011). The agreement was signed by Chief Minister, Senator Ian Gorst, and the Polish Ambassador, Her Excellency Barbara Tuge-Erecinska.

Associated with the TIEA are supplementary administrative agreements providing for the avoidance of double taxation in respect of the income of individuals (e.g. pensions) and an agreement for the avoidance of double taxation with respect to enterprises operating ships or aircraft in international traffic.

Senator Gorst said: “The signing of the TIEA and the associated agreements is of particular significance because it will be an important further step in enhancing what is already a strong economic and cultural relationship between Jersey and Poland.

“We are also very pleased to be signing this agreement at a time when Poland is holding the Presidency of the European Union. While Jersey is not a part of the European Union, we are part of Europe and we pursue a good neighbour policy towards the Member States of the EU.”

The tax information exchange and associated agreements will come into force once the parties have completed their respective domestic procedures.

For further information contact Colin Powell, Adviser – International Affairs, Chief Minister’s Department (tel: 01534 440414 or 07797 750734; e-mail: c.powell@gov.je).