[Provisional translation]
- The Convention on Mutual Administrative Assistance in Tax Matters aims to have signatories offer the following mutual administrative assistance in tax matters. The conclusion of this Convention enables signatories to properly deal with international tax evasion and tax avoidance.
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(i) Exchange of information:
Signatories can mutually exchange information regarding tax matters. -
(ii) Assistance in recovery:
When assets of a delinquent taxpayer exist in another Party, the relevant Party may request the first-mentioned Party to recover the tax claims in question. -
(iii) Service of documents:
When the addressee of any documents regarding tax matters is in another Party, the relevant Party may request the first-mentioned Party to send the documents to the addressee.
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- The Amending Protocol partially amends the Convention. Major amendments are as follows.
- Making the provisions of the Convention relating to exchange of information in accordance with international standards (such as providing for the exchange of information concerning bank secrecy)
- Enabling any State which is not a member of the Council of Europe or of Organisation for Economic Co-operation and Development (OECD) to conclude the Convention
- As of November 3, 2011, the following 32 states have signed the Convention.
Japan, the United States, the United Kingdom, France, Germany, Italy, Canada, the Republic of Korea, Mexico, Spain, Portugal, the Netherlands, Belgium, Denmark, Norway, Sweden, Finland, Iceland, Ireland, Poland, Slovenia, Azerbaijan, Ukraine, Georgia, Moldova, Turkey, Australia, Argentina, Brazil, South Africa, Russia and Indonesia