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IoM signs double taxation agreement with Estonia

The Isle of Man today signs a double taxation agreement with Estonia.

The signing ceremony takes place today in Tallinn between treasury ministerAllan Bell MHK and Republic of Estonia minister of foreign affairs Urmas Paet.

A DTA is the benchmark agreement between countries to remove double taxation obstacles to the development of economic relations and facilitate the exchange of goods and services and movements of capital, technology and people.

The agreement will also act to prevent tax evasion and delivers the OECD’s agreed international standard on tax transparency and exchange of information.

It marks the 15th signing which meets OECD international standards in a network of agreements for the island.

Minister Bell said: ‘The Isle of Man is a small, self-reliant nation characterised by an independent spirit, enterprise and innovation. These factors are also characteristic of Estonia, and I look forward to this agreement becoming the cornerstone of a friendship between our countries based on vibrant economic ties.

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