Log In

Reset Password

Bermuda signs tax information agreement with Poland

Minister of Finance Bob Richards today visited the Polish Embassy in London to sign a bilateral Tax Information Exchange Agreement (TIEA) with the Republic of Poland.

A Ministry of Finance press release announcing the bilateral agreement quoted Mr Richards, who said: “Signing a TIEA with Poland has been a long time in the making and represents the beginning of an official exchange of information relationship with Poland upon which the Government of Bermuda hopes to build a long and fruitful partnership.”

The press release stated that with these bilateral treaties Bermuda establishes a direct treaty relationship, which in this case, is with the Minister of Finance for Poland.

“As Poland is a member of the European Union (EU) it is crucial that Bermuda signs this TIEA; the EU has always been one of the main regions with which Bermuda has a strategic and economic relationship and Poland is one of the many countries Bermuda reinsurers do business with in Europe.

“The benefit of signing the Poland TIEA is that it allows for tax transparency and information exchange on a by-request basis, where previously there was no formal avenue available.”

Bermuda now has bilateral TIEAs with 50 percent of the members of the EU.

You must be Registered or to post comment or to vote.

Published November 25, 2013 at 3:00 pm (Updated November 25, 2013 at 3:34 pm)

Bermuda signs tax information agreement with Poland

What you
Need to
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon