TIEA agreement between France and Grenada

7/27/2019 TIEA agreement between France and Grenada

http://slidepdf.com/reader/full/tiea-agreement-between-france-and-grenada 1/15

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



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(.



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



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



)

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



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



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



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



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



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 -.



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



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



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



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.

/,}--



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

/(

^

u&-'-e*^

Documents

TIEA agreement between France and Grenada