St. Kitts and Nevis to sign TIEA’s with six Nordic nations on March 24

St. Kitts and Nevis Prime Minister Hon. Dr. Denzil Douglas (left) and Australia’s Non-Resident Ambassador to St. Kitts and Nevis exchange copies of the Tax Information Exchange Agreement. (photo by Erasmus Williams)

ST. KITTS, MARCH 8TH 2010 (CUOPM) – Australia is the 10th nation that St. Kitts and Nevis has signed Tax Information Exchange Agreements (TIEA’s).

With Friday’s signing by St. Kitts and Nevis Prime Minister Hon. Dr. Denzil L. Douglas and Australia’s Non-Resident Ambassador to St. Kitts and Nevis His Excellency Philip Kentwell, Australia joins Monaco, The Netherlands, The Netherlands Antilles, Aruba, United Kingdom, Denmark, Belgium, New Zealand and Liechtenstein.

St. Kitts and Nevis Prime Minister Hon. Dr. Denzil L. Douglas said the twin-island Federation will be signing tax information exchange agreements with six (6) Nordic countries on March 24 2010 and will at the latest be removed from the OECD Grey List on that date.

St. Kitts and Nevis has already initialed or concluded negotiations with and are awaiting dates for signature with Canada, France, Germany, Norway, Sweden, Greenland, Faroe Islands, Iceland, Finland and San Marino.

The Federation has commenced discussions with India, Japan, the Republic of Seychelles and the United States on Tax Information Exchange Agreement but has not yet confirmed the text for these agreements.