On 3 December 2015, officials from the Isle of Man and Spain signed a tax information exchange agreement. The agreement is the first of its kind between the two jurisdictions and will enter into force 3 months after the ratification instruments are exchanged. It will apply for criminal tax matters from the date of its entry into force and for other matters in respect of taxable periods beginning on or after the date it was signed, 3 December 2015.
In addition, the agreement states that once …