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 ... Summary
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.
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