Tax Information Exchange Agreement with Jersey

UniCredit Bank Hungary Zrt.
Summary: 
Hungary and Jersey signed an agreement on exchange of tax information, which will become effective once ratified by both parties.
Wed, 12/02/2014

Hungary has announced the signing of an agreement regulating the exchange of tax information with Jersey. Via their respective competent authorities, both countries will be in the position to provide assistance with regards to the exchange of information that will be essential to the administration and enforcement of the domestic laws of each country in relation to tax matters included in the agreement.

The agreement is not in force yet and will become effective once both contracting countries complete the ratification process.

Impact on investors: Hungary has progressed further with its plan to implement tax information exchange agreements with the aim of limiting the possibilities for tax evasion.