S
SysOp
WHEREAS Ireland and Gibraltar (“the Parties”) recognise that present legislation already provides for cooperation and the exchange of information in criminal tax matters;
WHEREAS the Parties have long been active in international efforts in the fight against financial and other crimes, including the targeting of terrorist financing;
WHEREAS it is acknowledged that Gibraltar under the terms of its Entrustment from the UK has the right to negotiate, conclude, perform and subject to the terms of this agreement terminate a Tax Information Exchange Agreement with Ireland;
WHEREAS Gibraltar on 27 February 2002 entered into a political commitment to the OECD’s principles of effective exchange of information;
WHEREAS the Parties wish to enhance and facilitate the terms and conditions governing the exchange of information relating to taxes;
NOW, THEREFORE, the Parties have agreed to conclude the following Agreement which contains obligations on the part of Ireland and Gibraltar only:
Article 1
Scope of the Agreement
The Parties shall provide assistance through exchange of information that is foreseeable relevant to the administration and enforcement of the domestic laws of the Parties concerning the taxes covered by this Agreement, including information that is foreseeable relevant to the determination, assessment, enforcement or collection of tax with respect to persons subject to such taxes, or to the investigation or prosecution of tax matters in relation to such persons. A requested Party is not obliged to provide information which is neither held by its authorities nor in the possession of or obtainable by persons who are within its territorial jurisdiction. The rights and safeguards secured to persons by the laws or administrative practice of the requested Party remain applicable to the extent that they do not unduly prevent or delay effective exchange of information.
2
Article 2
Taxes Covered
1. This Agreement shall apply to the following taxes imposed by the Parties:
(a) in the case of Ireland:
(i) the income tax;
(ii) the income levy;
(iii) the corporation tax;
(iv) the capital gains tax;
(v) the capital acquisitions tax; and
(vi) the value added tax.
(b) in the case of Gibraltar:
Gibraltar income taxes.
2. This Agreement shall apply also to any identical taxes imposed after the date of signature of the Agreement in addition to or in place of the existing taxes. This Agreement shall also apply to any substantially similar taxes imposed after the date of signature of the Agreement in addition to or in place of the existing taxes if the Parties so agree. The competent authority of each Party shall notify the other of substantial changes in laws which may affect the obligations of that Party pursuant to this Agreement.
Article 3
Definitions
1. In this Agreement:
“Ireland” means Ireland and includes any area outside the territorial waters of Ireland which has been or may hereafter be designated under the laws of Ireland concerning the Exclusive Economic Zone and the Continental Shelf, as an area within which Ireland may exercise such sovereign rights and jurisdiction as are in conformity with international law;
“Gibraltar” means the territory of Gibraltar;
“company” means any body corporate or any entity that is treated as a body corporate for tax purposes;
3
"competent authority" means, in the case of Ireland: the Revenue Commissioners or their authorised representative; in the case of Gibraltar: the Chief Secretary or such other person as the Minister of Finance may appoint;
“criminal laws” means all criminal laws designated as such under domestic law, irrespective of whether such are contained in the tax laws, the criminal code or other statutes;
"criminal tax matters" means tax matters involving intentional conduct, whether before or after the entry into force of this Agreement, which is liable to prosecution under the criminal law of the requesting Party;
"information gathering measures" means laws and administrative or judicial procedures enabling a requested Party to obtain and provide the information requested;
"information" means any fact, statement, document or record in whatever form;
"person" means a natural person, a company or any other body or group of persons;
"principal class of shares" means the class or classes of shares representing a majority of the voting power and value of the company;
"publicly traded company" means any company whose principal class of shares is listed on a recognised stock exchange provided its listed shares can be readily purchased or sold by the public. Shares can be purchased or sold “by the public” if the purchase or sale of shares is not implicitly or explicitly restricted to a limited group of investors;
“public collective investment scheme” means any scheme or fund, in which the purchase , sale or redemption of shares or other interests is not implicitly or explicitly restricted to a limited group of investors;
"requested Party" means the Party to this Agreement which is requested to provide or has provided information in response to a request;
"requesting Party" means the Party to this Agreement submitting a request for or having received information from the requested Party;
"tax" means any tax covered by this Agreement.
4
2. As regards the application of this Agreement at any time by a Party, any term not defined therein shall, unless the context otherwise requires, have the meaning that it has at that time under the laws of that Party, any meaning under the applicable tax laws of that Party prevailing over a meaning given to the term under other laws of that Party.
Article 4
Exchange of Information Upon Request
1. The competent authority of the requested Party shall provide upon request by the requesting Party information for the purposes referred to in Article 1. Such information shall be exchanged without regard to whether the requested Party needs such information for its own tax purposes or the conduct being investigated would constitute a crime under the laws of the requested Party if it had occurred in the territory of the requested Party. The competent authority of the requesting Party shall only make a request for information pursuant to this Article when it is unable to obtain the requested information by other means, except where recourse to such means would give rise to disproportionate difficulty.
2. If the information in the possession of the competent authority of the requested Party is not sufficient to enable it to comply with the request for information, the requested Party shall use all applicable information gathering measures necessary to provide the requesting Party with the information requested, notwithstanding that the requested Party may not, at that time, need such information for its own tax purposes.
3. If specifically requested by the competent authority of the requesting Party, the competent authority of the requested Party shall provide information under this Article, to the extent allowable under its domestic laws, in the form of depositions of witnesses and authenticated copies of original records.
4. Each Party shall ensure that it has the authority, subject to the terms of Article 1, to obtain and provide, through its competent authority and upon request:
(a) information held by banks, other financial institutions, and any person, including nominees and trustees, acting in an agency or fiduciary capacity;
(b) (i) information regarding the beneficial ownership of companies, partnerships and other persons, including in the case of collective investment schemes, information on shares, units and other interests;
(ii) in the case of trusts, information on settlors, trustees, protectors and beneficiaries and, in the case of
Read more here:
Cartridge World Cyprus - Welcome
WHEREAS the Parties have long been active in international efforts in the fight against financial and other crimes, including the targeting of terrorist financing;
WHEREAS it is acknowledged that Gibraltar under the terms of its Entrustment from the UK has the right to negotiate, conclude, perform and subject to the terms of this agreement terminate a Tax Information Exchange Agreement with Ireland;
WHEREAS Gibraltar on 27 February 2002 entered into a political commitment to the OECD’s principles of effective exchange of information;
WHEREAS the Parties wish to enhance and facilitate the terms and conditions governing the exchange of information relating to taxes;
NOW, THEREFORE, the Parties have agreed to conclude the following Agreement which contains obligations on the part of Ireland and Gibraltar only:
Article 1
Scope of the Agreement
The Parties shall provide assistance through exchange of information that is foreseeable relevant to the administration and enforcement of the domestic laws of the Parties concerning the taxes covered by this Agreement, including information that is foreseeable relevant to the determination, assessment, enforcement or collection of tax with respect to persons subject to such taxes, or to the investigation or prosecution of tax matters in relation to such persons. A requested Party is not obliged to provide information which is neither held by its authorities nor in the possession of or obtainable by persons who are within its territorial jurisdiction. The rights and safeguards secured to persons by the laws or administrative practice of the requested Party remain applicable to the extent that they do not unduly prevent or delay effective exchange of information.
2
Article 2
Taxes Covered
1. This Agreement shall apply to the following taxes imposed by the Parties:
(a) in the case of Ireland:
(i) the income tax;
(ii) the income levy;
(iii) the corporation tax;
(iv) the capital gains tax;
(v) the capital acquisitions tax; and
(vi) the value added tax.
(b) in the case of Gibraltar:
Gibraltar income taxes.
2. This Agreement shall apply also to any identical taxes imposed after the date of signature of the Agreement in addition to or in place of the existing taxes. This Agreement shall also apply to any substantially similar taxes imposed after the date of signature of the Agreement in addition to or in place of the existing taxes if the Parties so agree. The competent authority of each Party shall notify the other of substantial changes in laws which may affect the obligations of that Party pursuant to this Agreement.
Article 3
Definitions
1. In this Agreement:
“Ireland” means Ireland and includes any area outside the territorial waters of Ireland which has been or may hereafter be designated under the laws of Ireland concerning the Exclusive Economic Zone and the Continental Shelf, as an area within which Ireland may exercise such sovereign rights and jurisdiction as are in conformity with international law;
“Gibraltar” means the territory of Gibraltar;
“company” means any body corporate or any entity that is treated as a body corporate for tax purposes;
3
"competent authority" means, in the case of Ireland: the Revenue Commissioners or their authorised representative; in the case of Gibraltar: the Chief Secretary or such other person as the Minister of Finance may appoint;
“criminal laws” means all criminal laws designated as such under domestic law, irrespective of whether such are contained in the tax laws, the criminal code or other statutes;
"criminal tax matters" means tax matters involving intentional conduct, whether before or after the entry into force of this Agreement, which is liable to prosecution under the criminal law of the requesting Party;
"information gathering measures" means laws and administrative or judicial procedures enabling a requested Party to obtain and provide the information requested;
"information" means any fact, statement, document or record in whatever form;
"person" means a natural person, a company or any other body or group of persons;
"principal class of shares" means the class or classes of shares representing a majority of the voting power and value of the company;
"publicly traded company" means any company whose principal class of shares is listed on a recognised stock exchange provided its listed shares can be readily purchased or sold by the public. Shares can be purchased or sold “by the public” if the purchase or sale of shares is not implicitly or explicitly restricted to a limited group of investors;
“public collective investment scheme” means any scheme or fund, in which the purchase , sale or redemption of shares or other interests is not implicitly or explicitly restricted to a limited group of investors;
"requested Party" means the Party to this Agreement which is requested to provide or has provided information in response to a request;
"requesting Party" means the Party to this Agreement submitting a request for or having received information from the requested Party;
"tax" means any tax covered by this Agreement.
4
2. As regards the application of this Agreement at any time by a Party, any term not defined therein shall, unless the context otherwise requires, have the meaning that it has at that time under the laws of that Party, any meaning under the applicable tax laws of that Party prevailing over a meaning given to the term under other laws of that Party.
Article 4
Exchange of Information Upon Request
1. The competent authority of the requested Party shall provide upon request by the requesting Party information for the purposes referred to in Article 1. Such information shall be exchanged without regard to whether the requested Party needs such information for its own tax purposes or the conduct being investigated would constitute a crime under the laws of the requested Party if it had occurred in the territory of the requested Party. The competent authority of the requesting Party shall only make a request for information pursuant to this Article when it is unable to obtain the requested information by other means, except where recourse to such means would give rise to disproportionate difficulty.
2. If the information in the possession of the competent authority of the requested Party is not sufficient to enable it to comply with the request for information, the requested Party shall use all applicable information gathering measures necessary to provide the requesting Party with the information requested, notwithstanding that the requested Party may not, at that time, need such information for its own tax purposes.
3. If specifically requested by the competent authority of the requesting Party, the competent authority of the requested Party shall provide information under this Article, to the extent allowable under its domestic laws, in the form of depositions of witnesses and authenticated copies of original records.
4. Each Party shall ensure that it has the authority, subject to the terms of Article 1, to obtain and provide, through its competent authority and upon request:
(a) information held by banks, other financial institutions, and any person, including nominees and trustees, acting in an agency or fiduciary capacity;
(b) (i) information regarding the beneficial ownership of companies, partnerships and other persons, including in the case of collective investment schemes, information on shares, units and other interests;
(ii) in the case of trusts, information on settlors, trustees, protectors and beneficiaries and, in the case of
Read more here:
Cartridge World Cyprus - Welcome
