Exchange of Information
The purpose of the exchange of information is threefold:
Glossary
Spontaneous exchange of information
The provision of information to another contracting party that is foreseeably relevant to that other party and the information has not been previously requested. Because of its nature, spontaneous exchange of information relies on the active participation and co-operation of local tax officials (e.g. tax auditors, etc). Information provided spontaneously is usually effective since it concerns particulars detected and selected by tax officials of the sending country during or after an audit or other types of tax investigation.
Reference to EOI
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