Estonia, EU – Baltic States, Financial Services, Good for Business, Investments, Legislation, Markets and Companies, Taxation
International Internet Magazine. Baltic States news & analytics
Saturday, 02.08.2025, 09:46
Estonia and Bailiwick of Jersey signed agreements for the avoidance of double taxation
Print version |
|---|
| Urmas Paet and Philip Ozouf. London, 21.12.2010. |
"The economy of the island of Jersey, which belongs to the European trade area, is primarily based on financial services, tourism, e-trade and agriculture. The agreement for the avoidance of double taxation increases co-operation opportunities between the businesses of Estonia and Jersey," said Paet.
"Another important aspect of the signing of the agreement is that it gives us an opportunity to exchange tax-related information," he added.
The goal of an agreement against double taxation is to facilitate investments, ensure the equal treatment of individuals, and do away with double taxation, which can occur as the combined effect of the laws of two nations.
Agreements for the avoidance of double taxation are concluded primarily to share the tax proceeds between the two nations and so that citizens do not need to pay the same tax in two countries.
The agreement between Estonia and Jersey also helps to create additional opportunities for preventing tax fraud.
Estonia has concluded agreements for the avoidance of double taxation with over 40 countries. The last such agreement was concluded with South Korea.
«The Baltic Course» Is Sold and Stays in Business!
