Exchange of tax information: enables mutual assistance in tax administration and enforcement under defined confidentiality and procedural safeguards The Agreement establishes reciprocal exchange of information between competent authorities to assist in tax administration and enforcement, requiring requests to state taxpayer identity, period, nature and legal basis, and grounds that information exists within the requested Party's jurisdiction. Requested authorities must use available information-gathering measures, may provide depositions and authenticated records where permitted, acknowledge requests and notify deficiencies within 60 days, and either supply information or explain obstacles or refusal within 90 days. Information is subject to confidentiality and limited disclosure; specified grounds permit declining assistance.
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 tax information: enables mutual assistance in tax administration and enforcement under defined confidentiality and procedural safeguards
The Agreement establishes reciprocal exchange of information between competent authorities to assist in tax administration and enforcement, requiring requests to state taxpayer identity, period, nature and legal basis, and grounds that information exists within the requested Party's jurisdiction. Requested authorities must use available information-gathering measures, may provide depositions and authenticated records where permitted, acknowledge requests and notify deficiencies within 60 days, and either supply information or explain obstacles or refusal within 90 days. Information is subject to confidentiality and limited disclosure; specified grounds permit declining assistance.
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