Isle of Man and Seychelles sign double taxation agreement

Eddie Teare Treasury Minister Eddie Teare signed the deal in the Isle of Man

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The Isle of Man government has signed a tax exchange agreement with the Republic of Seychelles.

The deal is part of a programme to develop closer economic and taxation co-operation with other countries.

The island has now signed nine Double Tax Agreements (DTAs) since 2009.

Treasury minister Eddie Teare signed the deal in the Isle of Man and the Seychelles' finance minister Pierre Laporte signed in the Seychelles.

Mr Teare said the Isle of Man government "welcomed the signing."

The Isle of Man has now signed a total of nine DTAs as well as 27 Tax Information Exchange Agreements, most recently with Argentina.

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