INTERNATIONAL TAX PLAZA - TIEA between Slovakia and Guernsey to enter into force

(January 25, 2015)

The government of the States of Guernsey has a very handy overview regarding Tax Information Exchange Agreements on its website. From the information published there it seems that the Agreement between the States of Guernsey and the Slovak Republic for the Exchange of Information Relating to Tax Matters will enter into force on January 26, 2015.

Based on Article 3 of the agreement the taxes which are the subject of this Agreement are:

(a) in the case of the Slovak Republic, taxes of every kind and description imposed under the Slovak law as of the date of entry into force of this Agreement, and

(b) in the case of Guernsey:

(i) the income tax;

(ii) the dwellings profits tax.

Paragraph 2 of Article 3 furthermore determines that the Agreement shall also apply to any identical or substantially similar taxes imposed after the date of signature of this Agreement in addition to, or in place of, the existing taxes.

Article 5 of the Agreement arranges for the Exchange of information upon Request.

Article 6 of the Agreement arranges for the possibility to undertake tax examinations abroad.

Based on Article 13 of the Agreement the fact that the agreement enters into force on January 16, 2015 means that it shall have effect:

(a) for criminal tax matters on that date; and

(b) for all other matters covered in Article 1 on that date, but only in respect of taxable periods beginning on or after that date, or where there is no taxable period, all charges to tax arising on or after that date.

For further information click here to be forwarded to the text of the TIEA between Guernsey and the Slovak Republic as published on the website of the government of the States of Guernsey, which will open in a new window.

Interested in other TIEAs Guernsey has concluded? Then click here to be forwarded to the overview of Tax Information Exchange Agreements as published on the website of the States of Guernsey, which will open in a new window.

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