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of <h1>Article 27 of DTAA mandates information exchange for tax purposes, ensuring confidentiality and limiting refusal to disclose financial data.</h1> Article 27 of the Double Tax Avoidance Agreement (DTAA) between the Contracting States outlines the exchange of information relevant to tax administration and enforcement. The competent authorities are required to exchange information, including documents, necessary for implementing the agreement or domestic tax laws. Such information must be kept confidential and used only for tax-related purposes, though it may be disclosed in public court proceedings. The article does not obligate a state to perform actions contrary to its laws or disclose sensitive information. States must use their information-gathering measures to fulfill requests, even if the information is not needed for their purposes. Limitations do not allow refusal to provide information held by financial institutions or related to ownership interests.
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