At the end of 2016, Taiwan entered into comprehensive double taxation agreements with more than 30 countries. In addition, Taiwan has signed 13 double taxation agreements on air service revenues and marine revenues. Jersey has signed a number of TIEAs based on this OECD model that allow us to send and receive tax information with more than 30 countries. This figure is expected to increase over time. HK-DTA Revenue Information on Air Services – “Read” This on-demand information exchange was completed by an automatic process on October 29, 2014.  The automatic process must be based on a common reporting standard. A tieA request for information model has been developed to assist the relevant authorities of TIEA partners in requesting information. It is available in English and French as well as in Spanish, German, Italian, Japanese, Korean and Turkish. The agreement was born out of the OECD`s work on combating harmful tax practices. The lack of effective exchange of information is one of the main criteria for determining harmful tax practices. The agreement is the standard for the effective exchange of information within the meaning of the OECD`s initiative on harmful tax practices. The aim of this agreement is to promote international cooperation in tax matters through the exchange of information.
It was developed by the OECD Global Forum Working Group on Effective Information Exchange. This agreement does not affect the tax privileges of diplomatic or consular officials, in accordance with the general rules of international law or the provisions of specific agreements. In addition, Bermuda is at the forefront of signing tax information exchange agreements with more than 30 countries, including China. They have done so to ensure that these companies are fully transparent and that they will always be required to make tax payments to their respective governments. At a meeting held yesterday in Camden, the official venue of the Bermud Prime Minister, delegates from both countries signed a bilateral agreement that commits to a full exchange of information on tax issues. 1. The competent authorities of the contracting states exchange the information necessary for the implementation of the provisions of this Convention or the national legislation of the contracting states relating to the taxes covered by this agreement, provided that the taxable tax does not violate this agreement, in particular to prevent fraud or fraud. Article 1 does not limit the exchange of information. All the information thus exchanged is treated as secret and is disclosed only to persons or authorities, including the courts, who participate in the taxation or collection of taxes covered by this agreement or in determining remedies for this agreement. This information may be disclosed in the context of public court proceedings or in court decisions. The information contained in HK`s Comprehensive Double Taxation Convention (CDTA) – “Read” 3.