Tax Information Exchange Agreement

TIEA is a bilateral agreement to share tax information on request basis.

TIEA is based on international standards of tax transparency and exchange of information and enables sharing of information on request.

Key features:

• The agreement enables bilateral sharing of information, including banking and ownership information for tax purposes. It also allows officials of one country to undertake tax examinations in the other.
• The agreement between the two countries provides an effective framework for exchange of information on tax matters which will help curb tax evasion and tax avoidance.