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New taxation agreements in force

The Isle of Man's fourth double taxation agreement, with Bahrain, has come into force.

It was signed just over a year ago in Bahrain by the nation's Minister of Finance Shaikh Ahmed bin Mohammed Al-Khalifa and the then Treasury Minister Anne Craine.

A Tax Information Exchange Agreement or TIEA with Mexico is also now in operation.

That was signed last March in Mexico City by Mrs Craine and Minister of Finance Ernesto Javier Cordero Arroyo. It's the Isle of Man's 25th international TIEA.

The Manx Treasury says now both Bahrain and Mexico have ratified the agreements, both are now in force.


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