UK- San Marino Tax agreement
The UK has recently signed a new tax information exchange agreement (TIEA) with San Marino.
The new TIEA will allow for the exchange of information in line with the OECD’s model and international tax standards. The TIEA is drafted to allow for the exchange of information necessary to prevent fraud and to ensure that the right amount of tax is paid in each country.
The TIEA will take force once the UK and San Marino have finalised their respective legislative procedures.