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You are here: Homepage > Press Room > Press Releases 2011 > TIEA Negotiations Concluded with Indonesia

This agreement signifies the development of a new partnership between the Cayman Islands and Indonesia...

Attorney General, the Honourable Samuel Bulgin QC, JP

Published 4th January 2011, 11:7am

The Cayman Islands Government and the Republic of Indonesia have now concluded tax information exchange agreement negotiations, following a meeting in early December in Grand Cayman. Both delegations agreed on several areas of common interest and proceeded to initial the agreement.

Head of the Cayman Islands delegation, Attorney General, the Honourable Samuel Bulgin QC, JP, noted that the Ministry of Finance was pleased to host the Indonesian delegation for the first time. On behalf of the Negotiation Team, he said, "This agreement signifies the development of a new partnership between the Cayman Islands and Indonesia, which will ultimately render further transparency and business between the two countries. We certainly look forward to a prosperous working relationship and hope to finalise and sign the TIEA early next year."

The Indonesian delegation was headed by Director of Taxation II, Directorate General of Taxes, Ministry of Finance, Mr. Achmad Sjarifuddin Alsah, PhD. Also present were Indonesian Deputy Director of Tax Treaty and International Tax Cooperation, Mr. Astera Primanto Bhakti; Section Chief of International Tax Cooperation, Ms. Heny Purwanti; and Staff of Treaty Tax of International Cooperation, Mr. Partomuan Transparanter Juniult.

Attending for the Cayman Islands delegation were TIEA Negotiation Team members Mr. George McCarthy; Mr. Langston Sibblies; Mr. Kenneth Jefferson; Mr. Duncan Nicol; Ms. Jacqueline Jefferson-Ziemniak and Ms. Yainelys Ebanks from the Financial Services Secretariat.

 

For more information, please contact the Financial Services Secretariat at (345) 945-5819 or via email at financepr@gov.ky.