https://www.taxtmi.com/news?id=1493 A bilateral Tax Information Exchange Agreement provides for exchange of information between competent authorities when reasonably relevant to administration or enforcement of domestic tax laws; the requesting State must justify foreseeable relevance. Exchanged information is secret and limited to specified tax authorities, though disclosure to others requires competent authority consent. The Agreement permits a requested Party to produce information even if not needed for its own tax purposes and requires provision of banking, ownership, and past criminal tax information. en-us Tue, 08 Feb 2011 07:14:27 +0530 Tue, 08 Feb 2011 07:14:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=1493 A bilateral Tax Information Exchange Agreement provides for exchange of information between competent authorities when reasonably relevant to administration or enforcement of domestic tax laws; the requesting State must justify foreseeable relevance. Exchanged information is secret and limited to specified tax authorities, though disclosure to others requires competent authority consent. The Agreement permits a requested Party to produce information even if not needed for its own tax purposes and requires provision of banking, ownership, and past criminal tax information. News - Tue, 08 Feb 2011 07:14:27 +0530 https://www.taxtmi.com/news?id=1493