Guernsey has signed Tax Information Exchange Agreements (TIEAs) with Switzerland and Hungary.

This brings Guernsey's total number of TIEAs signed to 46, of which 16 are with members of the G20.

Guernsey's chief minister, Peter Harwood, who signed the two agreements in London on 11 September, said of the Swiss agreement: 'Guernsey's relationship with Switzerland is of great value and we have much in common as finance centres outside of but working with the European Union.

'I am delighted to be able to sign this agreement, not only because it acts as another indicator of Guernsey's commitment to tax transparency, but also because Switzerland is a country of significance for our industry. This agreement strengthens the economic and political ties between Guernsey and Switzerland.'

The signing of these latest TIEAs brings the number signed by Guernsey this year to eight, including Brazil and the British Virgin Islands.

More details are available HERE