tax information exchange agreements

Tax Information Exchange Agreements (TIEAs) are formal arrangements between countries that facilitate the sharing of financial and tax-related information. They aim to promote transparency, prevent tax evasion, and ensure compliance by allowing authorities to exchange relevant data about individuals and businesses’ financial activities across borders. TIEAs help countries detect offshore tax evasion, improve international cooperation, and uphold tax integrity without compromising privacy beyond what is necessary for enforcement purposes. They are an essential part of global efforts to combat illicit financial flows and ensure fair taxation.