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Last Updated: Nov 21, 2018 - 10:22:15 AM |
The Government of The Bahamas and The Government of Japan Exchange of Diplomatic Notes
By Central Communications Unit, Ministry of Finance
Nov 20, 2018 - 10:08:46 PM
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During a courtesy call on November 12 in Tokyo, Japan the Government of The Bahamas and the Government of Japan exchanged diplomatic notes relating to the Protocol to amend the Tax Information Exchange Agreement between the Government of the Commonwealth of The “Bahamas” and the Government of “Japan” 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.
The Bahamas and Japan commenced an Exchange of Information for tax purposes relationship when The Government of The Bahamas and the Government of Japan concluded a Tax Information Exchange Agreement in January, 2011.
The Bahamas and Japan continued to develop its exchange of information relationship, which, after the onset of the OECD’s Global Forum Common Reporting Standard (“CRS”) for the automatic exchange of financial account information, resulted in the signing of the Protocol to amend the Tax Information Exchange Agreement on the 9th February, 2017, at the Ministry of Finance, Nassau Bahamas.
The Government of The Bahamas looks forward to a continued mutual relationship with the Government of Japan with respect to Exchange of Information for tax purposes.
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