UK – Liberia Tax agreement
A new Tax Information Exchange Arrangement (TIEA) between the UK and Liberia was signed in London on 1 November 2010.
The TIEA will allow for the exchange of tax-related information. The TIEA is drafted to allow for the exchange of information necessary to combat tax fraud and to ensure that the right amount of tax is paid in each country. The TIEA will apply to taxpayers who are resident in either the UK, Liberia or in both jurisdictions.
The TIEA will take force once both governments have finalised their legislative procedures.