Exchange of information obligations ensure cross-border tax data sharing while preserving confidentiality and legal protections. Article 26 requires competent authorities to exchange information, including documents, necessary to carry out the Agreement or domestic tax laws for covered taxes, subject to confidentiality and disclosure only to persons or authorities involved in assessment, collection, enforcement, prosecution, or appeals; information may be used for other purposes only if permitted by both States' laws and authorised by the supplying State. A State need not act contrary to its laws, supply unobtainable information, or disclose trade or professional secrets or information contrary to public policy, but must use its information gathering measures to obtain requested information and may not refuse solely because information is held by financial intermediaries or relates to ownership interests.
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 obligations ensure cross-border tax data sharing while preserving confidentiality and legal protections.
Article 26 requires competent authorities to exchange information, including documents, necessary to carry out the Agreement or domestic tax laws for covered taxes, subject to confidentiality and disclosure only to persons or authorities involved in assessment, collection, enforcement, prosecution, or appeals; information may be used for other purposes only if permitted by both States' laws and authorised by the supplying State. A State need not act contrary to its laws, supply unobtainable information, or disclose trade or professional secrets or information contrary to public policy, but must use its information gathering measures to obtain requested information and may not refuse solely because information is held by financial intermediaries or relates to ownership interests.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
