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Australia-Cook Islands Tax Information Exchange Agreement

Date:

Wednesday, 28 October 2009

Content ID:

1648

Abstract:

The Governments of Australia and the Cook Islands have signed an Agreement for the Exchange of Information with Respect to Taxes. The Agreement provides for exchange of information on request in both criminal and civil tax matters.

In addition, Australia and the Cook Islands have signed an Agreement for the Allocation of Taxing Rights with Respect to Certain Income of individuals and to Establish a Mutual Agreement Procedure in Respect of Transfer Pricing Adjustments. This Agreement will allocate taxing rights over certain income derived by retirees, government employees and students and provide a mechanism to help resolve transfer pricing disputes.

The Agreements were signed in Rarotonga by the Australia’s Assistant Treasurer, the Hon Nick Sherry, and the Cook Island’s Deputy Prime Minister the Hon Sir Terepai Maoate on 27 October 2009.

The Agreements will enter into force after Australia and the Cook Islands have advised that they have completed their domestic requirements. Legislation for this purpose will be introduced into the Australian Parliament as soon as practicable.

The signing of these Agreements was announced by the Assistant Treasurer, the Hon Nick Sherry, in Media Release No. 082 of 2009.

Documents Available:


Acrobat (PDF) documents

 Acrobat (PDF)

Australia - Cook Islands Tax Information Exchange Agreement  56.87kb
Australia - Cook Islands Agreement for the Allocation of Taxing Rights  46.72kb

Microsoft Word (RTF) documents

 Microsoft Word (RTF)

Australia - Cook Islands Tax Information Exchange Agreement  121.03kb
Australia - Cook Islands Agreement for the Allocation of Taxing Rights  81.64kb

Related Items:

Australian Tax Treaties - 28/02/2012

This information has been moved to the new Treasury website.

Assistant Treasurer Media Release No. 082 of 2009 - Australia and Cook Islands Lead the Way in Ending Pacific Tax Secrecy - 28/10/2009
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