Exchange of information upon request requires provision of tax-related ownership and financial records, subject to domestic law and relevance. Article 5 requires the requested Party's competent authority to provide, upon request, tax-relevant information and, if necessary, to use all relevant information-gathering measures permitted by domestic law. It authorises transmission of witness depositions and authenticated records where allowable, mandates authority to obtain bank, financial, agent and fiduciary records and legal and beneficial ownership details across entities and ownership chains, exempts public market entities when disproportionate difficulties arise, and sets content and procedural requirements to demonstrate foreseeable relevance and ensure prompt responses.
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 requires provision of tax-related ownership and financial records, subject to domestic law and relevance.
Article 5 requires the requested Party's competent authority to provide, upon request, tax-relevant information and, if necessary, to use all relevant information-gathering measures permitted by domestic law. It authorises transmission of witness depositions and authenticated records where allowable, mandates authority to obtain bank, financial, agent and fiduciary records and legal and beneficial ownership details across entities and ownership chains, exempts public market entities when disproportionate difficulties arise, and sets content and procedural requirements to demonstrate foreseeable relevance and ensure prompt responses.
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