The Isle of Man has signed two more tax information exchange agreements (TIEA).
Treasury Minister Eddie Teare MHK signed them with Italy and Lesotho on Monday in London.
The TIEA with Italy was signed by His Excellency Pasquale Terracciano, Italian Ambassador in London, and the TIEA with the government of the Kingdom of Lesotho was signed by Maanna Mapetja, the Acting High Commissioner of the Kingdom of Lesotho in the United Kingdom.
Minister Teare said: ‘These agreements are the island’s 30th and 31st TIEAs and the island now has 41 agreements that meet the OECD international standard on tax co-operation and transparency.
‘Italy is the 17th EU member state with whom the Isle of Man has signed an agreement that meets to OECD standard, while the agreement with Lesotho is the third the island has signed with members of the Southern African Development Community and it demonstrates the island’s continuing support to the OECD’s Global Forum commitment to sharing expertise and best practice on tax transparency and information exchange with developing nations.’