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Australia and Marshall Islands Tax Information Exchange Agreement

Date:

Thursday, 13 May 2010

Content ID:

1810

Abstract:

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

The signing took place on 12 May 2010 in Majuro by the Marshall Islands Acting Finance Minister, Brenson Wase and Australia's Ambassador to the Federated States of Micronesia, Palau and the Marshall Islands, Susan Cox.

In addition to the TIEA, Australia and the Marshall Islands also signed an Additional Benefits Agreement (ABA). The ABA will establish an administrative mechanism to resolve transfer pricing disputes between taxpayers and the revenue authorities of Australia and the Marshall Islands and eliminate double taxation of certain income derived by retirees, government employees and students.

The Agreements will enter into force after Australia and the Marshall Islands have completed their respective domestic requirements.

The signing of this Agreement was announced by the Assistant Treasurer, the Hon Nick Sherry, in Media Release No. 105 of 2010.

Documents Available:


Acrobat (PDF) documents

 Acrobat (PDF)

Australia and Marshall Islands Tax Information Exchange Agreement  47.57kb
Australia and Marshall Islands Additional Benefits Agreement  31.13kb

Microsoft Word (RTF) documents

 Microsoft Word (RTF)

Australia and Marshall Islands Tax Information Exchange Agreement  95.91kb
Australia and Marshall Islands Additional Benefits Agreement  78.06kb

Related Items:

Australian Tax Treaties - 28/02/2012

This information has been moved to the new Treasury website.

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