Canada: TIEA with Bahrain enters into force
On April 3, 2014, the tax information exchange agreement (TIEA) between Canada and Bahrain entered into force. The exchange of tax information is seen as an important element in the fight against tax evasion and enables countries more easily to
See MoreSwitzerland – new agreements for the exchange of tax information
Switzerland signed tax information exchange agreements with Greenland and Andorra in March 2014. These accords provide for the exchange of information on request in respect of tax investigations. The conclusion of information exchange agreements is
See MoreIndonesian tax office signs an agreement on tax revenues and data sharing
A recent memorandum of understanding (MoU) between the Jakarta city administration and the tax directorate general covers the issue of data swaps and ways to increase tax revenues. The two authorities have reached an agreement on the exchange of
See MoreExchange of information agreement between Belgium and Grenada ratified by Belgium
Belgium has ratified the Exchange of Information Agreement it has signed with Grenada. The OECD has been encouraging the conclusion of agreements on the exchange of tax information to improve tax transparency and help to combat tax
See MoreTIEA between Canada and the British Virgin Islands enters into force
The Tax Information Exchange Agreement (TIEA) between Canada and the British Virgin Islands entered into force on March 11, 2014. The TIEA provides for information exchange in relation to assessing and collecting taxes as well as in matters related
See MoreExchange of information agreement between Greece and Guernsey enters into force
On 7 March 2014, the Exchange of Information Agreement between Greece and Guernsey entered into force. The agreement generally applies from 7 March 2014. Agreements on the exchange of tax information are seen as an important tool in combating
See MoreExchange of information agreement between Belgium and Guernsey
According to a communication of 11 March 2014, published by the Guernsey tax authorities, Belgium and Guernsey have initialed a tax exchange of information agreement (TEIA). Guernsey has recently been negotiating TIEAs as part of a commitment to
See MoreNew Zealand: Convention on tax assistance enters into force
From 1st March 2014, the multilateral Convention on Mutual Administrative Assistance in Tax Matters will become effective for New Zealand. The Convention, which New Zealand ratified in November, will greatly enhance the country’s ability to combat
See MoreLuxembourg to apply automatic information exchange in 2015
The Luxembourg Government has adopted a bill implementing its April 10, 2013, decision to apply compulsory automatic information exchange to savings income covered under the current European Union (EU) Savings Tax Directive from 1 January
See MoreCosta Rica completes ratification of the TIEAs with Nordic countries
Through a publication in the Official Gazette, bilateral Tax Information Exchange Agreements (TIEAs) with Denmark, Faroe Islands, Finland, Greenland, Iceland, Norway and Sweden entered into force for Costa Rica, on 29 January 2014. These TIEAs were
See MoreJersey ratifies TIEA with Switzerland
On 11 December 2013, Jersey ratified the Jersey - Switzerland Tax information Exchange Agreement (TIEA). Jersey signed the TIEA with Switzerland on September 16, 2013. This is Jersey's 32nd TIEA meeting the OECD tax standards on transparency and
See MoreJersey ratifies TIEA with Slovenia
Jersey ratified the tax information exchange agreement (TIEA) with Slovenia on February 4, 2014. The law to ratify the TIEA signed between Jersey and Slovenia was tabled before Jersey's parliament for its approval on December 23, 2013. Jersey and
See MoreBahrain ratifies its TIEA with Canada
An Agreement between Canada and Bahrain for the exchange of information on tax matters which was signed on June 4, 2013 it was ratified by Bahrain on February 4, 2014. The Agreement provides for the mutual exchange of tax information that is
See MoreTIEA between Canada and Liechtenstein entered into force
The Agreement between Canada and Liechtenstein for the Exchange of Information on Tax Matters entered into force on January 26, 2014. The Agreement was signed on January 13, 2013. The Agreement has effect in accordance with the provisions of
See MoreFinland- TIEA with Panama entered into force
On 9 January 2014, Finland's Ministry of Finance announced that the cabinet of ministers approved regulations ratifying the tax information exchange agreement between Panama and Finland. Certain provisions of the treaty come into effect from 20
See MoreIndia – Belize TIEA enters into force
The Indian Government notified that the tax information exchange agreement (TIEA) between India and Belize entered into force on 25 November 2013. The notification was dated 7 January
See MoreFinland-Panama: TIEA enters into force
The Finland – Panama Exchange of Tax Information Agreement (2012) entered into force on 20 December 2013 and applies from that
See MoreJoining of Six More Countries with the Tax Information Exchange Pilot of G5
UK, France, Germany, Spain, and Italy (the G5) planed for a multilateral program in April which was based on the automatic exchange of tax information. Participants of 37 jurisdictions have expressed their intention to join. Luxembourg,
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