Macau to Ink Tax Info Exchange Pact with UK
Macau is preparing to sign a Tax Information Exchange Agreement (TIEA) with the United Kingdom of Great Britain and Northern Ireland.
According to the Official Gazette published yesterday, Chief Executive Fernado Chui Sai On granted authority to Secretary for Economy and Finance Francis Tam Pak Yuen to sign a TIEA with the UK, although no signing date has yet been confirmed. The number of jurisdictions that have a TIEA or Double Taxation Conventions (DTC) with Macau will increase to 18 once the UK has signed on the dotted line.
Macau and Japan signed a Tax Information Exchange Agreement (TIEA) in March.