The Cayman Islands and the People’s Republic of China signed a tax information exchange agreement during a ceremony on Monday.
The agreement was signed on behalf of the Cayman Islands by Premier McKeeva Bush and on behalf of the Chinese delegation by Song Lan, the State Administration of Taxation deputy commissioner and vice minister.
“This is the 26th signed agreement for exchange of information for tax purposes,” said Mr Bush.
The People’s Republic of China has become another member of the G20 group of countries to have a tax information agreement with the Cayman Islands.
“Signing this TIEA is a significant step in enhancing the relationship between the Cayman Islands and China,” Mr. Bush added.
The signing ceremony was attended by the Governor Duncan Taylor, members of the Legislative Assembly, the Cayman Islands International Tax Cooperation Team members, senior officials from the Ministry of Finance and representatives from the Bank of China.
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