Agreement Between the Government of The Republic of India and The Government of The Principality of Liechtenstein for The Exchange of Information with Respect to Taxes.
Show AI Summary
Exchange of tax information enables cross-border requests obliging provision of foreseeably relevant taxpayer records under strict confidentiality.
The agreement obliges the competent authorities to exchange information foreseeably relevant to tax administration and enforcement, requiring the requested Party to use available information gathering measures to obtain bank, financial, ownership, trust and foundation records, subject to territorial jurisdiction. Requests must specify identity, taxable period, nature and form of information, tax purpose, grounds for relevance and location of records, and confirm domestic means have been pursued. The requested Party must promptly acknowledge receipt, notify deficiencies and explain inability or refusal to provide information; confidentiality and limits on use and disclosure are strictly prescribed.