Isle of Man publishes update on Tax Treaties with Nordic Countries
On August 7, 2008, the government of the Isle of Man provided an update on the tax and economic cooperation treaties that it has signed with the 7 members of the Nordic Council. These are Denmark, Norway, Sweden, Finland, Greenland, Iceland, and the Faroe Islands.
The authorities of the Isle of Man explained in a statement that the parliament ratified all of the agreements on March 12, 2008, and the Isle of Man Chief Minister, Tony Brown MHK, informed each of the Nordic Council countries about the ratification.
Chief Minister said that the appropriate notifications from Greenland and Finland have been received, and the agreements between the Isle of Man and Greenland came into effect on April 11, 2008 and the agreements between the Isle of Man and Finland came into effect on June 14 2008. Norway has notified the Isle of Man that it has completed its ratification procedures, so the agreements between the Isle of Man and Norway will come into effect on August 23, 2008.
According to the Chief Minister, the Government looks forward to receiving ratification notifications from other Nordic Council countries in due course.