TIEA agreement between France and Grenada
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Transcript of TIEA agreement between France and Grenada
7/27/2019 TIEA agreement between France and Grenada
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AGREEMENT BETWEEN
TIIE
GOVDRI\IMENT
OF TITE
FR.ENCHREPT]BLIC
A}[D
THE GOVER]\IMENT
OF GRENADA
FOR THE
EXCflAITGE
OF INT'ORMATION
RELATING
TO
TAX MATTERS
ad
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2
WHEREAS
the Govemment f
the FrenchRepublicand he
Government f
Grenada
'lhe
Contracting arties')wishto enhancend acilitatehe ermsandconditions oveminghe
exchange
f informationelating
o taxes;
NOW
thereforg heContracting
arties aveagreedo
concludehe
ollowingAgreement.
ARTTCLE
1
OBJECT AI{D SCOPE
OF THE AGREEMENT
l. The
competent uthorities
f the
Contracting
arties hall
provide
assistance
hrough
exchange
f information
hat s foreseeablyelevant
o theadminishation
ndenforcement
f
thedomesticawsof theContractingartiesoncerningaxes nd axmatters overed y his
Agreement. uch nformation
hall
nclude nformation
hat is foreseeably
elevant
o the
determination,
ssessment,
erificationand collection
of zuoh taxes, he
recoveryand
enforcementf tax claims,
r
the
nvestigation
r
prosecution
f tax matters.
2. The ights
andsafeguardsecured
o
persons
y the
awsor administrative
ractice
f the
Requested
arty remain applicable
o
the extent hat they
do not unduly
prevent
or delay
effective
xchange
f information.
ad
U(.
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ARTICLE
2
JIJRISDICTION
To enablehe
provisions
f this
Agreement
o be
mplemented,nforrration
hallbe
provided
in
accordance ith this
Agreement
y the competent
uthorityof the Requested
arty
without
regard o whether he
person
o whom he nformation
elates s, or
whether he nformation
s
held
by, a resident r national
or citizenof a Contracting
arty.A Requested
arty s not
obliged
o
provide
nformation,which
s neither eldby
its
authorities or n the
possession
of or
n
thecontrolof or obtainable
y
persons
ho
arewithin ts
territorial
urisdiction.
ARTICLE
3
TAXES COVERED
L The
axescovered y
this
Agreement re he
existing
axes mposed
y the laws
of
the
Contracting arties.
2. This
Agreement
hall
also apply o
any dentical r substantially
imilar axes mposed
after hedate
f signature
fthis Agreement
n additiono,
or in
place
of, he existingaxes.
3. TheAgteement
hall
alsoapply o other axes
s may
be agreedn an exchange
f letters
betweenhe
Contracting
arties.
4.
The competent
uthorities
f the
Contracting arties
hall notifr
eachotherof ary
relevant
changes
o the taxation
and related
nformation
gathering
neasures overed
by this
Agteement.
ARTICLE
4
DEFIIIITIONS
l. For he
puposes
f this Agreement,
nless therwise efined:
a) "France"meanshe European ndoverseas epartmentsf the FrenchRepublic ncluding
the
tenitorial
sea,and any area
outside he
tenitorial
seawithin
which, in
accordance
ith
internationalaw,
he FrenchRepublic
as
sovereign
ights or the
plrrpose
f exploring
nd
exploiting
henatural esources
f theseabednd ts
subsoil nd
he superjacent
aters;
Ud
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b)
"
Grenada
'means
thecountry
f Grenada;
c) the erm
"competent
uthority''means
i) in
the case of France,
he Minister
of
Finance,
or the Minister's authorized
representative;
ii) in
the case
of Grenada,he Minister of Finance,
r the Minister's
authorized
representative;
d) the
erm
"person"
ncludes natural
erson,
legal
person,
r any body
or
group
ofsuch
persons;
e) he erm
"tax"
means ny ax
o which
heAgreementpplies;
f) the erm
Requesting
arrf'means
he
Party equestingnformation;
g)
the erm
"Requested
arty"
means
he Party equestedo
provide
nformation;
h) the term
"information
gathering
measures'o
eans aws
and
administrative r
judicial
procedures
hat enable
a Contracting
arty o obtainand
provide
he
requestednformation;
i) ttre term
"information"
meansany fact, statement, ocument
r record
n any form
whatwer;
j)
the erm
"criminal
ax
matters"
meansax mattersnvolving
ntentional
onductwhich s
liable o
prosecution
nder hecriminal
awsof theRequestingarty;
k) the erm"criminal aws"means ll criminal awsdesignateds suchunderdomesticaw
irrespective
f whether
containedn the ax aws,
he criminal
code
or other
statutes.
2. As regardshe application
f this Agreement t
any ime by a
Contracting
arty,any erm
not defined hereinshall,unless
he context
otherwiseequires, ave he
meaning
hat
t has
at
that time under he law of that
Contracting arty,
any meaning nder he
applicableax laws
of that ContractingParty
prevailing
over a meaning
iven
o the term under
other
aws
of
that
Contracting arty.
a4
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)
ARTICLE 5
EXCITANGEOF INT'ORMATTON PONREQIIEST
1. The competent uthority
of
the Requested
artyshall
provide
upon request n
writing
informationor the
pqposes
efened o in Article 1.
Such
nformation
hall
be
exchanged
without regard o whether the
Requested arty needs
such
information
for its
own
tax
purposes
r the conductbeing nvestigated
ould constitute crimeunder
he laws of the
Requested
arfy
f such onduct
ccunedn theRequestedarty.
z.lf
the
nformation
n the
possession
f thecompetentuthority
f theRequestedarty s not
sufficient
o enablet
to complywith
the requestor information,
hatContracting
arty
shall
use
all
relwant informationgathering
measures
o
provide
he Requesting
arty with the
infonnation equested, otwithstandinghat the RequestedParty may not need such
inforrration or its own tal(
purposes.
3. If specificallyequestedy
the competentuthority f the
Requestingarty, he competent
authority
f the Requested arty
shall
provide
nformation nder his
Article, to the efient
allowable
nder
ts
domesticaws, n the orm
of depositionsf witnesses
ndauthenticated
copies
f original
ecords.
4. EachContracting arty
shallensure
hat
ts
competentuthorities,or
the
purposes
f
this
Agreement,ave
he
authorityo obtainand
provide
pon equest:
a) nformation eldby banks, ther inancialnstitutions,ndanyperson,ncluding ominees
and rustees,cting n
anagency r fiduciary apacity;
b)
(i)
information
egarding
he egalownership
nd he beneficial
wnership f companies,
partnerships,
ollectivenvestment
chemes,ndother
persons;
(ii)
in the
case
f trusts, nformation
n settlors,rustees,
eneficiariesnd
protectors;
nd
(iii)
in the caseof a foundation,nformation
n
the
ounders,members
f the foundation
counciland
beneficiaries.
5.
Thecompetentuthority f theRequestingarty hall
provide
he ollowing
nformationo
the competent uthorityof the
Requestedarty:
a) he dentity
of the
person
nder xaminationr investigation;
r,4
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6
b) he
period
of time
with respecto which nformations requested;
c) the natureof the nformation equested nd heform n which he Requesting artywishes
to receive t;
d) he ax
purposes
or
which he nformations sought;
e)
grounds
or believing hat he nformation
equesteds
present
n the Requested arty
or is
in the
possession
f, or
in the control
of or obtainabley a
person
within the
urisdiction
of
theRequestedarty;
fl
to ttre extent
known, he nameand
address f any
person
elieved o be in
possession
f or
in controlof or
able o obtain he requestednformation;
g)
a statement
hat the request onformswith
the
law
and administrative
ractices
f the
Requestingarty;
h) a statement
hat he
Requesting
arty
has
pursued
ll means vailablen its own erritory o
obtain
he
nformation,
xceptwhere
hatwould
give
ise o disproportionateifficulties.
6. To ensure prompt esponse,
hecompetentuthority
f
theRequestedarty
shall:
a) confi.rm he receipt of a request n
writing
to
the competent uthority of the Requesting
Partyand shall
notify the competent uthorityof the Requesting arty of
any deficiencies
n
the equest
ithin 60 daysof receipt f the equest;
b) if thecompetent
uthority f theRequestedartyhas
been nableo obtain
and
provide
he
informationwithin 90 daysof receiptof the request,t shall nform theRequestingarty,
explaining he reason
or its inability.
tlA
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ARTICLE
6
TAX EXAMINATIONSOR INVESTIGATIONSABROAI)
1. The Requested arty
may, to the extent
permitted
nder ts domestic
aws, following
reasonable
otice rom
heRequesting
arty,
allow epresentativesfthe
competent uthority
of the Requesting arty
o enter
he tenitory of the Requested
arty o interview
ndividuals
and
examineecordswith
the
prior
writtenconsent f fhe
persons
oncemed.
he competent
authorityof the Requesting arty
shallnotiff the cornpetent
uthorityof the
Requested arty
ofthe
ime and
place
of the
meeting
with he
persons
oncerned.
2. Atthe request
f the competent
uthority f theRequestingarty,
he competent
uthority
of the Requested arty may allow representativesf the competent uthority of the
Requesting arty
o attenda ax
examinationn
the enitory
of the Requested
arfy.
3. If the request eferred
o in
paragraph
is
granted,
he competent
uthority of the
Requested
artyconductinghe
examinationhall,assoon
as
possible,
otifu
he competent
authority
f the Requesting arty
of the
ime and
place
of the examination,
he
authorityor
official
authorised
o carryout he
examinationnd he
procedures
ndconditionsequired
y
the Requested
arty or the conduct
f the examination.
ll decisionsegarding
he conduct
of the ax examination
hallbe
made y theRequested
artyconducting
he examination.
ARTICLE 7
POSSTBILITY
OF DECLTMNG
A REQUEST
l.
The
competentuthority
f
the Requestedartymay
decline o assist
where he requests
not
made n conformity
with this Agreement
r
where
he
disclosure f the information
requested
ouldbe contrary
o
public
policy
ordre
ublic).
2.The provisions
f thisAgreement
hallnot mpose pona
Contracting arty
he obligation
to supply nformation
which
would
disclose ny
trade,business,ndustrial,
ommercial
r
professional
ecret
confidential
ommunications
etween
clientandanattomey,
olicitor
or
otheradmitted
egal
epresentativehere
uch ommunicationsre
produced
or
the
purposes
of
seeking r
providing
egaladviceor for
the
purposes
f use
n
existing
or contemplated
legalproceedings)
r trade
process,
rovided
hat information
escribedn Paragraph
of
Article5 shallnot by reason
fthat factalone e reated
s
such secret
r trade
rocess.
ad
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8
3. A requestor information
hallnot be refused n he
ground
hat he ax claim
giving
ise
to the request
s disputed.
4.1}:.e
Requestedartyshall not
be
required o
obtainand
provide
nformation
which the
RequestingParty
would be
unable o obtain under ts ovrm aws
for the
purpose
of the
administration
r enforcementf its own ax laws
or in responseo a valid request
made n
similar ircumstances
rom
heRequestedartyunder his
Agreement.
5.
TheRequestedarty
may decline requestor information
f the nformations requested
by the Requesting
arty
o
administer
r
enforce
a
provision
of the tax law
of the Requesting
Party,
or any requirement onnected
herewith,
which
discriminates gainst
nationalor
citizenof theRequestd
Parfy
as compared ith
a national r citizenof the
Requesting arty
in thesame ircumstances.
ARTICLE E
CONT'IDENTIALITY
l. All information
eceived
y
the
competent uthorityof
a Contracting arty
shallbe kept
confidential.
2.
Information
rovided
o the competent
uthority f the
Requesting artymaybe used or
purposesther han hepurposestatedn Article I with thepriorexpress rittenconsent f
theRequested arty.
3. Information
rovided
hallbe disclosed nly to
persons
r authoritiesincluding
udicial
andadminisfrative
uthorities) oncerned ith the
purposes
pecifiedn this
Agreement nd
usedby such
persons
r authoritiesonly for such
purposes.
or these
purposes,
nformation
maybe disclosedn
public
court
proceedings
r n
udicial
decisions.
4. nformation
rovided
o a
Requesting
artyunder his
Agreementmaynot
be disclosedo
anyother
urisdiction.
*1
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ARTICLE
9
ADMINISTRATIVE
COSTS
Ordinary
osts
ncurred
n providing
ssistance
hall
be
borne
y
the
Requested
arty.
The
Requested
arty
may
request
rom
the
Requesting
Party
the
reimbursement
f
direct
extraordinary
osts
ncurred
n
providing
assistance.
ARTICLE
10
IMPLEMENTING
LEGISLATION
The
Contracting
arties
hall
enact
ny
egislation
ecessary
o
comply
with,
andgive
effect
to,
the
terms
of this
Agreement.
This
includes:
availability
of
information,
access
o
information,
xchange
f information.
ARTICLE
11
MUTUAL
AGREEMENI
PROCEDURE
1.
Where
difficulties
or
doubts
arise
between
the
Contracting
parties
regarding
the
implementationr interpretation f thisAgreement,hecompetentuthorities hallendeavour
to
resolve
he
matter
by
mutual
agreement.
2.
In
addition
o these
atter
agreements,
he competent
uthorities
f the
Contracting
arties
may
mutually
gree
n
he
procedures
o be
used
underArticles
, 6
and
9.
3.
The
competent
uthorities
of
the
Conhacting
Parties
may
communicate
with
each
other
directly
or
the
purposes
f reaching
nagreement
nder
his
Article.
4.
The
Contracting
arties
may also
agree
n
writing
on
other
orms
of
dispute
esolution
should
his
become
ecessary.
Cr14
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l 0
ARTICLE
12
rNTRY INTO TORCE
This
Agreement
hall onter nto
force when
each
ConhactingParty.
asnotified the other
of
the
completion
f
its nec€ssary
ntemal
procedures
or
entry
nto
force.
Upon he date
of enky
'/
into
force, t
shall
have
effect:
a) for
criminal a:r matterson hat
date and
b) for all othermatters overed
n Article 1,
on hat
date,but only in rcspect
of axable
periods
beginning
on or after hat date
or, where herc s no
taxable
period,
all
chargeso tor arising
on
or afterthatdate.
4 -.
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l l
ARTICLE 13
TERMINATION
1.Either
Contracting arty
may
erminate
hisAgreement
y serving
noticeoftermination.
2. Such
ermination
hall become
ffective
on the first
day of
the month following
he
expiration
of a
period
of three
monthsafter
he dateof receip
of notice
of
termination
by the
otherContracting
Parfy.
3. If the Agreement
s
terminated,
he Contracting
artiesshall
remain
bound by the
provisions
f Article 8 with
respect
o any nformation
btained nder
his Agreement.
ll
requests
eceived
p to
the
effective ate
of termination
ill be dealt
with in
accordance
ith
the erms f thisAgreement.
IN
WITFIESS
WIIEREOF
the undersigned,
eing
duly authorised
by
the
respective
Parties,
have
signed
his Agreemenl
DONE
at
,
of,
,
in
duplicate,
n the French
and English
languages,
both
texts being
equally
authentic.
FOR
TIM, GO\IERNMENT
OT'
THE FRENCE REPUBLTC
FOR
TIIE
GOVERNMENT
OF
GRENADA
q
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Ref.
No.
In
replying
the
above
Number
and
date
of
this
letter
should
e
quoted.
MINISTRY
OF FINANCE,
PLANNING,
ECONOMY,
ENERGY,
FOREIGNTRA
AND
CO-OPERATIVES
FINANCIAL
COMPLE
THE
CARENAGE,
ST.
GEORGE'S.
GRENADA.
W.I.
March
1't,2010
Dear
Minister,
I have he-honour, n behalfof my Govemment,o acknowledgeeceiptof your letterof
March
22"d,2010,in
which you
tell
me:
<
J'ai
I'honneur,
d'ordre
de
mon
Gouvernement,
e
vous
proposer
les
dispositions
contenues
ans
'annexe
de
a prdsente
ettre.
Je
vous
erais
oblig*e
de
me
aire
sovoir
si
les
termes
de
cette
annexe
ecueiilent
,agrdment
de
votre
Gouvernement.
Dans
ce
cas,
Ia prisente
lettre
et
son
annexe,
atnsi
que
votre
rdponse,
constitueront
I'accord
entre
nos
detn
Gouvernements
etatif
d
I'dchange
de
renseignernents
n
matiire
/iscale,
accord
qui
entrera
en
vigueur
apr\s
la
notification
par
chacun
de
nos
detn
Gouvernernents I'autre de I'accomplissement esprocidures
internes
requises
par
sa
l{gislation
conformdment
l,article
12.
t
In
response,
beg
o
infoln
you
that pursuant
o
the
powers
conferred
on
me,
he
provisions
and
annex
o
this
letter
obtain
he
approval
ofthe
Government
of
Grenada.
I assure
ou,
Minister,
of
my
best
egards.
HON.
V.
NAZIM
Tel.
(47
) 440
27 -(4)
Facsimile:473)
440-4tt
5
Telex:
473)
440-3418
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FRIIilEltl]fiSTfR
GRENADA
FULL
POWER
WHEREAS
it
is
expedient
hat
a
fit
person
be
invested
FULL
powgR
to
sign
on
behalf
of the
Government
f
Grenada,
Tax
Information
Exchang.
R$.r;.nt
between
the
Government
f
Grenada
nd
he
Government
f the
Republic
of
France.
Now THEREFORE, I, TILLMAN J. TH0MAS, pRrME
MINISTER,
do
hereby
certify
that
the
Minister
for
Finance,
Honourable
.
Nazim
eurd
ilby
tl;r.
presents
named,
onstituted
nd
appointed
s
having
Full
Power
and
Authority
to
take
decisions
and
act or
and
on
behalf
of
the
Govemmeni
f Grenada
t the
said
signing."rr*ony.
I
DO
FURTHER
CERTIFY
that
whatsoever
hings
shalt
be transacted
nd
concluded
by
the
said
Minister
or
Finance
hall
be
agreed
o
unC
acknowledged
nd
accepted
y the
said
Government
n the
fullest
manner.
IN WITNESS WHEREOF I havesignedhese resents
nd
affixed
hereto
my
Seal.
4*
DONB
this
V'
d*y of
March
Two
Thousand
nd
en.
PRIME
MINISTER
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G-I
ibertd
.
Epalit,6 Fraternita
Rfpunuqun
FRANCATST
LEMINISTRE
Nos df : 1292
CAB
BPC
Hon NazimBurke
Minister
of
Finance,
lanning, he Economy,
Energyand
Cooperatives
The
Financial
Complex
TheCarenage
St
Georges
Paris,e
fr
{
ffifii?$
sj0
Monsieur e
Ministre"
J'ai l'honneur,
d'ordre de
mon Gouvernement,e vous
proposer
es dispositions
contenues
ans 'annexe
d
la
pr6sente
ettre.Je vous
seraisobligd de me
faire
savoirsi
les
ermes e cetteannexe ecueillent
'agr6ment e
votre Gouvernement.
Dans
ce cas, a
prdsente
ettre
et
son
annexe,ainsi
que
votre r6ponse, onstitueront
I'accord
ntre
nos
deuxGouvernementselatif
d 1'6changee renseignements
n
matidre
fiscale,
qui
entrera en vigueur
aprds la notification
par
chacun de nos deux
Gouvernements
l'autre
de I'accomplissement
es
proc6dures
nternes equises
ar
sa
l6gislation, onform6ment l'article 12.
Je
vous
prie
de
croire, Monsieur
e Ministre, d I'assurance
e mes sentiments
es
meilleurs.
/,}--
7/27/2019 TIEA agreement between France and Grenada
http://slidepdf.com/reader/full/tiea-agreement-between-france-and-grenada 15/15
No032/2010
@ t u
POUVOIRS
Au nom
du Gouvernement
e
la
R6publique,
NOUS, Ministre
des
Affaires
6trangdres
et europ6ennes,
onnons POUVOIRS
par
ces
prdsentes
:
Monsieur
Eric
WOERTH'
Ministre
du Budget,
des Comptes
publics,de a Fonction ublique tde a r6formede 'Etat,
pour
signer
un Accord
sous forme
d'6change
de lettres
entre
Gouvernement
e la R6publique
rangaise
et le
Gouvernement
e
Grenadeelatif
d
'6change
e
enseignements
n
matidre
iscale./.
FAIrA PARTS,Ea \ lu^ "̂QOto
Le
Ministre
desAffaires
6trang0res
t
europ6ennes
le
la
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