Jersey is removed from the Portuguese black list

Thursday 12 January 14:31

On the 30th December 2016 the Portuguese Minister of Finance, Mario Centeno, signed a Decree, which entered into force on the 1 January 2017, removing Jersey from the Portuguese black list. This decision was based on Jersey’s strong track record of transparency and cooperation.

Jersey is removed from the Portuguese black list.

On the 30th December 2016 the Portuguese Minister of Finance, Mario Centeno, signed a Decree, which entered into force on the 1 January 2017, removing Jersey from the Portuguese black list. This decision was based on Jersey’s strong track record of transparency and cooperation including:

  • Jersey’s Tax Information Exchange Agreement with Portugal which entered into force in 2011 and the cooperation in applying the Agreement since that date.
  • Jersey’s membership of the Global Forum on Transparency and Exchange of Information for Tax Purposes and its rating by the Global Forum as “largely compliant” with the international standards.
  • Jersey’s signing of the OECD Multilateral Competent Authority Agreement for the Common Reporting Standard on the automatic exchange of Information.

It follows representations made by the Minister for External Relations, Senator Sir Philip Bailhache, and his team, both to the Portuguese Embassy in London and to the Minister of Finance in Lisbon.

Senator Sir Philip Bailhache said: “I am very pleased that we have reached agreement with the Portuguese authorities on Jersey’s removal from the blacklist. This is the right outcome given Jersey’s commitment to tax exchange and mutual assistance, and follows sustained discussions between the Ministry of External Relations and our counterparts in the Portuguese government. It will encourage business links between Jersey and Portugal.

We do of course already enjoy good relations with Portugal, as reflected in the friendship agreement with Madeira, and I am confident Jersey’s withdrawal from the blacklist will help to build an even stronger relationship between our two countries.”

Events

  • The Resolution Centre - Accredited Certificate in Mediation Skills The Resolution Centre and Queen Margaret University Edinburgh are pleased to provide an Accredited Mediation Skills course, unique to the Channel Islands.

    › read more
  • Launch of the 2017 JeCC Awards Come and find out more about the 2017 JeCC Awards

    › read more
  • 2nd Annual Real Estate & Real Estate Funds Conference Following the recent MIPIM real estate conference in Cannes, questions remain about the key global economic and geopolitical issues facing real estate investment professionals.

    › read more
  • Chamber Critical Briefing: GDPR IS YOUR BUSINESS READY FOR THE MOST PROFOUND CHANGE IN DATA HANDLING PROCESSES SINCE THE ADVENT OF COMPUTERS?

    › read more
  • CIISF CYBER SECURITY SEMINAR - THE REALITIES OF RANSOMWARE The CIISF's programme of seminars covering the practical aspects of cyber security continues on Monday 24th April 2017 at 12.30pm at the Town Hall

    › read more
  • AJA CPD SEMINAR: CREATING HEALTHY SPACES Event to be held at the following time, date and location:

    › read more
  • Hot Topics in Jersey Insolvency ARIES, the Association of Restructuring and Insolvency Experts, a Seminar on Wednesday 17 May at 4.00pm at the Pomme D’Or Hotel, Jersey followed by refreshments

    › read more
  • WDF Jersey - Creating a Level Playing Field - Diversity in Action Women's Development Forum Channel Islands Creating a Level Playing Field - Diversity in Action with Martina Williamson Head of HR for Citi Europe from 12:00 to 14:00

    › read more
  • IoD Jersey Director of the Year Awards 2017 The IoD Jersey Director of the Year Awards 2017 are Jersey’s most anticipated awards night is returning this year for its eighth time.

    › read more
  • Are you a Socially Dynamic Organisation: Prosperity 24.7 What does a Socially Dynamic Organisation look like and why is it vitally important today?

    › read more

Chamber Knowledgebase

Our frequently asked questions

Chamber News 

All the latest news from Chamber in one monthly PDF

Jersey Airport / Harbours

The latest arrivals and departures, select a link above

The Jersey Chamber of Commerce - Annual Charity of Choice

the benefits of membership

Networking opportunities, including our popular luncheons
Topical seminar programme
Support and guidance on doing business in Jersey


And become one of over 500 member businesses supporting Chamber in its aim of ensuring that local business is at the heart of a thriving and diverse local economy.

Call 01534 724536
› About Chamber


Copyright © Jersey Chamber 2012 - The Jersey Chamber of Commerce welcomes your comments and views. However, the posting of comments is subject to our terms which can be read here. Comments posted by users of this site are not the Chamber's comments nor do they represent the views of the Jersey Chamber of Commerce.

↑ Back to top