Jersey’s TIEA With India

By Neel Sahai

In 2002 political commitment was made in Jersey to reflect the OECD's principles in promoting transparency and exchange of information relating to tax matters. Since then Jersey has signed over 25 Tax Information Exchange Agreements (TIEA's), including one with India.

What is a TIEA and what is its purpose?

A TIEA is a bilateral agreement between two jurisdictions to establish a formal regime for the exchange of information relating to taxes. TIEA's are generally based upon an OECD model agreement to facilitate a level playing field in terms of how information is exchanged. The purpose of a TIEA is to act as a tool in the fight against fiscal crime.

How is information exchanged?