St Kitts/Nevis and Germany ratify agreement on exchange of tax info
BASSETERRE – On its 33rd anniversary of Independence on September 19, the Federation of St Kitts and Nevis signed the Instrument of Ratification with the Federal Republic of Germany on assistance in civil and criminal tax matters through exchange of information at Camp Springfield.
Prime Minister Dr Timothy Harris said St Kitts and Nevis appreciates signing the Instrument of Ratification because it is a responsible member of the international community that believes in accountability, transparency and good governance with other member states.
He said in an era where issues such as correspondent banking is a topical subject, putting this in place becomes even more significant.
Signing on behalf of the Federal Republic of Germany, Ambassador Lutz H. Görgens thanked the Government of Saint Kitts and Nevis for its cooperation in signing the instrument, while emphasising its importance in today’s world.
The Agreement was negotiated between the two countries and laid in the National Assembly of St Kitts and Nevis on August 18, 2014. (SKNIS)