No.402/92/2006-MC (04 of 2011)
Government of India / Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
***
New Delhi dated the 12
th
February 2011
PRESS RELEASE
India has entered into a Tax Information Exchange Agreement (TIEA) with the
Bahamas. The Agreement was signed on 11
th
February 2011 by the High Commissioner of India
to Jamaica (concurrently accredited to the Commonwealth of The Bahamas) on behalf of India
and the Minister of State for Finance on behalf of the Government of the Commonwealth of The
Bahamas.
The agreement provides for sharing information, including exchange of banking and
ownership information. Although the information shared will be covered under the secrecy
clause, it can be shared with specified tax authorities or authorities concerned with
determination of tax appeals. Information can also be shared for other purposes with the prior
consent of the giving party.
This is the fourth TIEA entered into by India in recent months. Earlier, India had signed
similar TIEAs with Bermuda, Isle of Man and British Virgin Islands.
