Macau to ink tax agreement with Argentina

The local government is set to sign a tax information exchange agreement (TIEA) with Argentina. No date has yet been set for when this agreement is to be signed but it was gazetted yesterday. According to the Official Gazette, Secretary for Economy and Finance Francis Tam Pak Yuen is to ink the agreement with his Argentine counterpart once Macau’s Chief Executive Fernando Chui Sai On grants him authority. The number of jurisdictions that have a TIEA or Double Taxation Conventions (DTC) with Macau will increase to 17 once Argentina has signed on the dotted line. Macau and Japan signed a Tax Information Exchange Agreement (TIEA) in March, and the United Kingdom last month.