The mutual ratification procedures were completed for entry into force of the “Agreement between the Government of Japan and the Government of Guernsey for the Exchange of Information relating to Tax Matters and the Avoidance of Double Taxation with respect to Taxes on Income of Individuals” which was signed on December 6, 2011.
Guernsey has signed a number of tax information agreements with various countries. These agreements have been encouraged by the OECD as part of its drive to improve tax transparency and the exchange of information. The agreement will enter into force on 23 August 2013 and applies from 1 January 2014.