Exchange of information upon request enables cross-border access to bank and ownership records for tax investigations, subject to domestic law. The requested Party's competent authority must provide, upon request for tax purposes, information regardless of whether it is needed for its own tax purposes and must use all relevant information-gathering measures to obtain such information. Competent authorities shall be empowered to obtain bank and financial records, nominee and trustee information, and legal and beneficial ownership details for companies, partnerships, collective investment schemes, trusts, foundations and equivalent entities, subject to a limited exception for publicly traded entities when disproportionate difficulties would arise.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Exchange of information upon request enables cross-border access to bank and ownership records for tax investigations, subject to domestic law.
The requested Party's competent authority must provide, upon request for tax purposes, information regardless of whether it is needed for its own tax purposes and must use all relevant information-gathering measures to obtain such information. Competent authorities shall be empowered to obtain bank and financial records, nominee and trustee information, and legal and beneficial ownership details for companies, partnerships, collective investment schemes, trusts, foundations and equivalent entities, subject to a limited exception for publicly traded entities when disproportionate difficulties would arise.
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