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Press Release

Japanese

November 12, 2018

Ministry of Finance

Protocol Amending Tax Information Exchange Agreement with the Commonwealth of The Bahamas will Enter into Force

[Provisional translation]
Today, the exchange of diplomatic notes for the entry into force of the Protocol Amending the Agreement between the Government of Japan and the Government of the Commonwealth of The Bahamas for the Exchange of Information for the Purpose of the Prevention of Fiscal Evasion and the Allocation of Rights of Taxation with respect to Income of Individuals (signed on February 9, 2017) took place in Tokyo.

Therefore, this Protocol will enter into force on December 12, 2018 (the thirtieth day after the date of exchange of diplomatic notes). The new article concerning Automatic Exchange of Information shall be applicable:

(1) with respect to taxes levied on the basis of a taxable year, for taxes for any taxable years beginning on or after 1 January 2017; and
(2) with respect to taxes not levied on the basis of a taxable year, for taxes levied on or after 1 January 2017.

[Reference] Texts
“Protocol Amending the Agreement between the Government of Japan and the Government of the Commonwealth of The Bahamas for the Exchange of Information for the Purpose of the Prevention of Fiscal Evasion and the Allocation of Rights of Taxation with respect to Income of Individuals” (Japanese(PDF:56KB)English(PDF:70KB))

Contact

Ministry of Finance : Tel 03(3581)4111
International Tax Policy Division, Tax Bureau (ext. 5007 or 2454)