More tax co-operation agreements have been ratified this week between the Island and two major European Countries.
First up is the agreement with France, the Island completed their procedures back in June 2009 with France completing its own ratification now, as a consequence the agreement entered into force at the beginning of this week.
The other agreement that has been finalised is with Germany.
This agreement relates too both operating ships in international traffic aswell as a tax exchange agreement.
These will come into force on November 5th.