Exchange of information: competent authorities must share tax information for enforcement subject to confidentiality and limited disclosure. Article 27 mandates that competent authorities exchange information necessary to apply the DTAA and domestic tax laws, including to prevent fraud or evasion, with received information treated as secret and disclosed only to persons or authorities involved in assessment, collection, enforcement, prosecution, or appeals and used solely for those purposes; however, States need not act contrary to their laws or practice, supply unobtainable information, or disclose trade or professional secrets or information contrary to public policy.
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: competent authorities must share tax information for enforcement subject to confidentiality and limited disclosure.
Article 27 mandates that competent authorities exchange information necessary to apply the DTAA and domestic tax laws, including to prevent fraud or evasion, with received information treated as secret and disclosed only to persons or authorities involved in assessment, collection, enforcement, prosecution, or appeals and used solely for those purposes; however, States need not act contrary to their laws or practice, supply unobtainable information, or disclose trade or professional secrets or information contrary to public policy.
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