India and Liechtenstein signed Tax Information Exchange Agreement(TIEA) at Bern, Switzerland recently.
Ambassador from India– Ms. Chitra Narayanan
Ambassador from Liechtenstein– Madam Doris Frick
What are the Salient Features of the Agreement signed between India and Liechtenstein ?
1) This agreement is based on International standard of information sharing and transparency
2) There is specific provision for providing banking information.
3) It allows the representatives of both the countries to enter their party country for examining their records and also to interview individuals.
4) This agreement has special provisions for protecting the confidentiality of the concerned information as prescribed under agreement.