Exchange of information enabling tax data sharing subject to confidentiality and defined limitations on disclosure and administrative actions. The provision establishes exchange of information between competent authorities for administering and enforcing taxes covered by the Convention, with received information treated as secret and usable only by persons or authorities involved in assessment, collection, enforcement, prosecution, or appeals; disclosure in public court proceedings or judicial decisions is allowed. It also limits obligations to avoid administrative measures contrary to domestic laws or practices, to refrain from supplying information not obtainable in the normal course of administration, and to withhold information whose disclosure would reveal trade or professional secrets or offend 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 enabling tax data sharing subject to confidentiality and defined limitations on disclosure and administrative actions.
The provision establishes exchange of information between competent authorities for administering and enforcing taxes covered by the Convention, with received information treated as secret and usable only by persons or authorities involved in assessment, collection, enforcement, prosecution, or appeals; disclosure in public court proceedings or judicial decisions is allowed. It also limits obligations to avoid administrative measures contrary to domestic laws or practices, to refrain from supplying information not obtainable in the normal course of administration, and to withhold information whose disclosure would reveal trade or professional secrets or offend public policy.
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 
