Exchange of information and assistance in collection enables cross border tax cooperation and recovery of outstanding tax claims.
The agreement establishes a framework for Exchange of Information and Assistance in Collection between India and Saint Vincent and The Grenadines, enabling mutual exchange of taxpayer information including bank and beneficial ownership data and cooperation in recovering outstanding tax claims. It includes provisions for tax examination abroad, allowing representatives to enter the other State, subject to domestic law, to interview individuals and examine records for tax purposes, thereby strengthening cross border tax cooperation and transparency to address offshore tax evasion and avoidance.

Automatic Exchange of Information deters undeclared foreign assets; ministry says reported Swiss deposit rise unlikely from undeclared incomes.
Ministry of Finance rejects media claims that reported Swiss deposit increases represent undeclared "black" money, noting customer deposits and fiduciary funds fell while the rise is mainly in other amounts due from customers such as bonds and securities. India and Switzerland have activated Automatic Exchange of Information under the Multilateral Convention and the Multilateral Competent Authority Agreement, with exchanges in 2019 and 2020 providing a deterrent to tax evasion. The Ministry cites alternative commercial explanations for deposit changes and has requested factual clarification from Swiss authorities.