Moreover, Pakistan and the UAE have in place an active automatic exchange of information
relationship on bank and financial account information under the common reporting standard Multilateral Competent Authority agreement signed under the OECD-MC.
He noted that the MOU also provides for the exchange of information
on the tourism sector regulations and enforcement mechanisms; the exchange of knowledge and experience in beach management programmes; the exchange of knowledge and expertise in public-private partnerships; and the exchange of information
on cruise ship management programmes.
It is part of international tax agreements signed by the UAE to lay the groundwork for mutual co-operation in the exchange of information
for tax purposes, remarked Younis Haji Al Khoori, Undersecretary of MoF, after signing the deal with Saud Salim Al Mazrouei, the director of HFZA and SAIF Zone.
The agreement enables exchange of information
, including banking and ownership information, between the two countries for tax purposes.
In this regard, Fourati referred to "the Tunisian approach to the fight against terrorism based on strengthening bilateral cooperation with neighbouring countries on threats and risks, increasing border controls and monitoring and coordinating developments, as well as strengthening cooperative relations with friendly and brotherly countries and international and regional organisations through the exchange of information
, experience, expertise and support in training and equipment".
- exchange of information
with respect to misleading or unreliable advertising in order to protect the rights of consumers of Kyrgyzstan and Turkey;
Dar further said that the Pakistani delegation went to Switzerland for an agreement pertaining to Pakistani accounts in Swiss Bank, and the exchange of information
began later owing to delay from Switzerland.
Agreements for exchange of information
about bank accounts with other countries would also be signed but it would take some time, he added.
The ministry said, "The Protocol updates the existing provisions for exchange of information
to the latest international standards." The Government of India and the People's Republic of China have signed a protocol on November 26, 2018, to amend the Double Taxation Avoidance Agreement (DTAA) for the avoidance of double taxation and for the prevention of fiscal evasion with respect to taxes on income.
The DOF's proposed Package 1B of the comprehensive tax reform program (CTRP) includes measures on general tax amnesty, estate tax amnesty, higher motor vehicle user's charge, lifting of the bank secrecy law and automatic exchange of information
Finance Ministry assistant under-secretary for development and revenue policies Rana Faqihi said the rating, the first in the region, enhances Bahrain's status as a leading financial centre, and reflects the Global Forum's appreciation of Bahrain's adherence to the internationally agreed standard on tax transparency and exchange of information
16 (BNA): The Global Forum on Transparency and Exchange of Information
for Tax Purposes (Global Forum) approved the Bahrain's Second Round Exchange of Information
on Request Peer Review Report, with an overall rating of "Compliant".