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Bahamas Tax Information Exchange Agreements

The agreement is the standard for an effective exchange of information within the meaning of the OECD Initiative on Harmful Tax Practices. This document contains the following information: Agreement between the United Kingdom and the Commonwealth of the Bahamas on the Exchange of Information on Taxation. We are pleased to provide you below, as an information guide, with a number of documents relating to the Bahamas and its position on international tax cooperation, as well as the evolution of a number of jurisdictions since January 2009. See below for: This agreement, published in April 2002, is not a binding instrument, but includes two model bilateral agreements. A large number of bilateral agreements have been based on this agreement (see below). In March 2009, the Prime Minister and Minister of Finance of Bahama, Hubert Ingraham, reaffirmed, in a statement to the Bahamian Parliament, the Bahamas` commitment to OECD standards of transparency and exchange of information. The purpose of this Agreement is to promote international cooperation in tax matters through the exchange of information. It was developed by the OECD Global Forum Working Group on Effective Exchange of Information. This exchange of information on request was supplemented by an automatic procedure on 29 October 2014. [2] The automatic process should be based on a common reporting standard. A TIEAs request template has been developed to assist the competent authorities of TIEA partners in requesting information. It is available in English and French as well as Spanish, German, Italian, Japanese, Korean and Turkish.

As of March 2019, the Bahamas has signed tax information exchange agreements with 29 countries, including the United Kingdom, Germany, France, China, Canada and Australia. A tax information exchange agreement between Ireland and the Bahamas has entered into force, Irish Revenue said on 7 February. The agreement signed on 12 January 2015 allows for the exchange of information. The advantage of the Bahamas. 2014. The financial industry. The government in Australia and the Bahamas have signed an agreement on the exchange of tax information. .

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