Jersey Finance comments on automatic information exchange under the EU Savings Tax Directive

Following the news that the Council of Ministers is to ask the States of Jersey to make Regulations that will make it mandatory, from 1 January 2015, for Jersey to automatically exchange tax information for EU Savings Tax Agreements, Geoff Cook, Jersey Finance CEO, commented:

“This announcement is a further demonstration of Jersey's long-standing commitment to engaging with and supporting the evolution of global standards on tax information exchange. It is pleasing to see progress from the European Union and wider G20 nations in supporting automatic exchange of information on a truly level playing field basis. The timetable of implementing this change from 1st January 2015 is sensible and it is interesting to note that many clients are already choosing to take advantage of the option for voluntary disclosure.”

Related articles:

• Jersey proposes move to automatic exchange of information for EU Savings Tax Agreements