Tax & Legal

Categories: All (6 found)

1. 28.03.2024

   Automatic exchange of bank account information does not viol ...

   The provision of Section 5 (3) of the Financial Accounts and Exchange of Information Act is in compliance with constitutional law. In particular, the automatic exchange of financial account information does not violate the right to informational self-determination of the taxpayers affected by it. This was ruled by the Supreme Tax Court who stated that the right of individuals to decide for themselves on the disclosure and use of their personal data is not unduly impaired.

   Categories: Supreme Tax Court cases

   Keywords: information exchange, automatic exchange ...
2. 12.11.2015

   Tax information exchange agreements

   The finance ministry has issued a decree on the procedures to be followed by tax offices requesting information from other countries under a tax information exchange agreement.

   Categories: Official Pronouncements

   Keywords: information exchange, tax information
3. 25.03.2014

   European Council resolves automatic information exchange

   The European Council has adopted amendments to the Savings Tax Directive for the automatic exchange of information between member states from January 1, 2017.

   Categories: From Europe

   Keywords: information exchange, exchange of inform ...
4. 20.02.2014

   OECD publishes new standard on automatic information exchang ...

   The OECD has published a new standard on the automatic exchange of information between tax authorities. This is complemented by a model competent authority agreement drafted as a bilateral treaty between two states.

   Categories: PwC Reports

   Keywords: information exchange, competent authorit ...
5. 14.05.2013

   Automatic information exchange with Spain on pensions

   The two finance ministries have agreed on an automatic exchange of information on pensions paid to residents of their country under deduction of a withholding tax.

   Categories: Official Pronouncements

   Keywords: pensions, information exchange, Spain
6. 14.08.2012

   Model treaty on information exchange

   France, Germany, Italy, Spain, the UK and the USA have prepared a model bilateral treaty for the mutual exchange of information on bank accounts held by residents of the other country. Compliance with the treaty would absolve financial institutions from their own specific US reporting requirements under FATCA.

   Categories: PwC Reports

   Keywords: FATCA, withholding tax, information exch ...