The tax treaty will enter into force after both countries have completed their respective internal procedures.
Estonia and Guernsey have signed a tax treaty to provide tax certainty in relation to cross-border transactions.
The tax treaty, signed on November 18, 2019, permits exchange of information between the two governments. The tax treaty is broadly based on the OECD Model Tax Convention.
Deputy Lyndon Trott, Vice President of the Policy & Resources Committee, said: “The signing of the tax treaty highlights the island’s commitment to meeting international tax standards including the most recent BEPS standards, set by the OECD.”
The tax treaty will enter into force after both countries have completed their respective internal procedures.
Guernsey has so far signed 14 comprehensive tax treaties with other jurisdictions.