In force2024 Revised EditionCurrent version · 2024 Revised EditionSee versions on Attorney General's Chambers(opens the publisher’s site)
Income Tax Act · 2024 Revised Edition · Part · Offences and Penalties
Income Tax Act · 2024 Revised Edition · Part · Offences and Penalties
Official textFrom Attorney General's Chambers, unchanged
The purpose of this Part is to facilitate the disclosure of information to a competent authority under an exchange of information agreement or a double taxation agreement having effect under section 41 in accordance with the exchange of information provision in that arrangement.
competent authority
“competent authority”, in relation to an arrangement, means a person or an authority whom the Collector is satisfied is Income Tax authorised under that arrangement to make a request to the Collector for information under that provision;
arrangement
“arrangement” means an avoidance of double taxation convention or tax information exchange agreement having effect under section 41;
competent authority
“competent authority”, in relation to an arrangement, means a person or an authority whom the Collector is satisfied is Income Tax authorised under that arrangement to make a request to the Collector for information under that provision;
exchange of information provision
“exchange of information provision”, in relation to a double taxation convention or a tax information exchange agreement having effect under section 41, means a provision in that arrangement which provides expressly for the exchange of information concerning the tax positions of persons;