The bilateral agreement for the exchange of tax information concluded by the Cayman Islands and Malta entered into force on April 1, 2014.
By entering a Tax Information Exchange Agreements (TIEAs) the territories agree to co-operate in tax matters through exchange of information. This provides the tax administrations with an additional tool with which to combat tax evasion. These agreements permit governments to better implement their tax laws by exchanging, on request, information that may be relevant to a specific tax matter that is in one of the categories covered by the agreement. They also help countries to meet the international standards of information exchange that the OECD is hoping to establish.
