The island’s Tax Information Exchange Agreement (TIEA) with Portugal will come into force on January 18.
It was signed in London in July 2010 by Professor Sérgio Vasques, the Portuguese Secretary of State for Tax Affairs, and the then Treasury Minister, Anne Craine.
The island ratified the agreement at the October 2010 Tynwald sitting and informed the Portuguese government.
The Portuguese Embassy in London has now confirmed Portugal has completed its ratification procedures.
View the text of the agreement at www.gov.im/treasury/incometax/sections/practitioners/internationalagreements.xml