On 2 August 2017, the decree ratifying Turkey's pending tax information exchange agreement with Guernsey was published in the Turkish Official Gazette. The agreement, signed 13 March 2012, is the first of its kind between the two jurisdictions and will enter into force 30 days after the ratification instruments are exchanged. It will apply for criminal tax matters on the date of its entry and for other matters for tax periods beginning on or after that date.