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Isle of Man TIEAs with the Cayman Islands and Romania have Entered into Force

21 September 2016

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Treaty Development

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Isle Of Man-Cayman Islands-Romania

According to an update from the Isle of Man government, the tax information exchange agreement with the Cayman Islands entered into force on 1 August 2016 and the agreement with Romania entered into force on 8 September 2016. In addition, a protocol to the Cayman Islands agreement that amended the effective date has also entered into force. The agreements are the first of their kind between the Isle of Man and the respective jurisdictions, and are generally in line with the OECD standard for information exchange. The Cayman Islands agreement applies for criminal tax matters from 1 September 2005 and...