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The Cayman Islands and the Republic of Argentina entered into a Tax Information Exchange Agreement (TIEA) following a signing ceremony held this morning.

The event was hosted by the Premier, the Honourable McKeeva Bush, OBE JP, who also signed the TIEA on behalf of the Cayman Islands. The Argentinean delegation was represented by Under Secretary of Public Revenue, Mr Luis Maria Capellano. Signing on behalf of Argentina was the Head of the Federal Administration of Public Revenue, Dr Ricardo Echegaray.

Also attending the signing were Members of the Legislative Assembly; senior officials from the Ministry of Finance and the Cayman Islands Monetary Authority; and members of the Cayman Islands International Tax Cooperation Team. Also attending on behalf of Argentina were the Adviser to the Federal Administrator, Dr Guillermo Michel; and a representative from Institutional Communications, Mr Federico Hausvirth.

"The Cayman Islands recognises the value in strengthening its relationships with Argentina and other Latin American countries," said the Premier. "Signing this agreement underpins our commitment to building this relationship and boosting the Cayman Islands’ reputation in the Latin American region, thereby ensuring that we remain a favorable and transparent international financial centre."

The Cayman Islands now has 27 TIEAs in place.

For more information on this story, please contact Radio Cayman at 345-949-7799 or via email at rcnews@gov.ky