Exchange of information enables cross-border tax assistance while protecting confidentiality under treaty safeguards and preserving legal rights of requested persons. The agreement requires competent authorities to exchange information foreseeably relevant to the determination, assessment and collection of taxes, the ... Summary
Exchange of information enables cross-border tax assistance while protecting confidentiality under treaty safeguards and preserving legal rights of requested persons.
The agreement requires competent authorities to exchange information foreseeably relevant to the determination, assessment and collection of taxes, the recovery and enforcement of tax claims, and the investigation or prosecution of tax matters; exchanged information must be treated as confidential and existing legal rights and safeguards of the requested Party remain applicable provided they do not unduly prevent or delay effective exchange of information.
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