Cayman Signs 26th TIEA with China
Published 30th September 2011, 4:15pm
George Town, Grand Cayman – The Cayman Islands and the People’s Republic of China signed a tax information exchange agreement (TIEA) following a signing ceremony on Monday.
The agreement was signed on behalf of the Cayman Islands by the Premier, the Hon. McKeeva Bush, OBE, JP; and on behalf of the Chinese delegation by Madame SONG Lan, the State Administration of Taxation (SAT) Deputy Commissioner and Vice Minister.
“This is the 26th signed agreement for exchange of information for tax purposes,” said Premier Bush, “and the People’s Republic of China has become another member of the G20 group of countries to have a TIEA with the Cayman Islands.
“Signing this TIEA is a significant step in enhancing the relationship between the Cayman Islands and China,” Mr. Bush added. “With China being one of the fastest growing economies in the world, we are confident that this TIEA will contribute positively to economic activity between the two countries."
The signing ceremony was attended by His Excellency the Governor, Mr. Duncan Taylor, CBE; Members of the Legislative Assembly; Cayman Islands International Tax Cooperation Team members; senior officials from the Ministry of Finance; and representatives from the Bank of China.
Attending for the Chinese delegation were the Director General of SAT Tax Administration Department, Mr. LI Linjun; Director General of SAT Electronic Tax Service Centre, Madame YAO Qin; Director of Global Cooperation and Compliance, SAT International Taxation Department, Mr. HUANG Suhua; Principal Staff Member of SAT General Office, Ms. LU Shan; and Staff Member of SAT International Taxation Department, Mr. LI Qiaolang.
For more information, please contact the Financial Services Secretariat at (345) 945-5819 or via email at email@example.com.