Tax agreement in place this week
A tax agreement between the Isle of Man and Turkey comes into force this week (7 Oct), more than five years after it was signed.
The information sharing agreement (TIEA) was officially signed at the Turkish Embassy in London in September 2012 by the then Treasury Minister Eddie Teare and Turkey's President of Revenue Administration Mehmet Kilci.
It was ratified by Tynwald in November that year, but has taken until now for the Republic of Turkey to complete its own ratification procedure.
That formality was confirmed to Chief Minister Howard Quayle on 7 September and the agreement will come into effect on 7 October.
It will be the 38th TIEA the Island is party to.
Ministers signed their first, with the United States, in October 2002.
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