Countries that have a tax information exchange agreement (TIEA) with Australia

Tax information exchange agreements (TIEAs) are an important tool in Australia's efforts to combat offshore tax evasion. The agreements:

• provide for the effective exchange of information between Australia and its TIEA partners
• promote fairness
• enhance Australia's ability to administer and enforce its domestic tax laws.

The agreements are an important part of Australia's ongoing commitment to the Organisation for Economic Cooperation and Development's (OECD) efforts to improve the transparency of ownership and accounting information and establish an effective exchange of information on civil and criminal tax matters.

Under the TIEAs, treaty partners must have legal and administrative frameworks in place to support their commitment to exchange information. For example, the ability to exchange information cannot be hindered by restrictions such as bank secrecy laws or a limitation to only be able to acquire and hence exchange information that is necessary for their domestic tax administration.

The countries that currently have a TIEA with Australia are:

Andorra Anguilla Antigua and Barbuda Aruba * Bahamas Bahrain Belize Bermuda British Virgin Islands * Cayman Islands Cook Islands * Costa Rica Dominica Gibraltar Grenada Guernsey * Isle of Man *

Jersey * Liberia Liechtenstein Macao Marshall Islands * Mauritius * Monaco Montserrat Netherlands Antilles Samoa * San Marino St. Kitts & Nevis St Lucia St Vincent and the Grenadines Turks and Caicos Islands Uruguay Vanuatu

*	These countries have signed an Agreement for the Allocation of Taxing Rights with Respect to Certain Income of Individuals with Australia.

What to read/do next

The government is continually reviewing international tax arrangements. For information about how potential international legislative changes may affect you, refer to New legislation.

For more information, refer to:

• Other international agreements
• International tax agreements
• Tax information exchange agreements - overview.