Exchange of information facilitates mutual assistance in tax administration and collection under a new international tax agreement. An international agreement provides for the exchange of information foreseeably relevant to administration, determination, assessment, collection, ... Summary
Exchange of information facilitates mutual assistance in tax administration and collection under a new international tax agreement.
An international agreement provides for the exchange of information foreseeably relevant to administration, determination, assessment, collection, recovery and enforcement of taxes, and for mutual assistance in collection. Information is to be exchanged according to the Agreement's provisions, and the rights and safeguards afforded to persons by the requested Party's laws or administrative practice remain applicable so long as they do not unduly prevent or delay effective exchange or collection assistance.
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