The effective dates of the two tax exchange agreements with the Isle of Man and Gibraltar are 7 October 2017 and 15 February 2018 respectively. The inclusion of agreements with the Isle of Man and Gibraltar brings to five the number of agreements concluded by Turkey and entered into force. Below is a list of agreements with their validity dates. The Australian governments and the Isle of Man have signed an agreement to exchange information on taxes. The agreement provides for the exchange of information on request, both in criminal and civil matters. For more information on this newsletter, you can contact this Bulletin: this agreement, published in April 2002, is not a binding instrument, but includes two models of bilateral agreements. Many bilateral agreements are based on this agreement (see below). Jurisdictions can also use the text of the articles in the model protocol if they wish to include the automatic and spontaneous exchange of information in a new TIEA. The Isle of Man has also signed a number of tax agreements on shipping and aviation revenues.
From February 2020, maritime and air agreements will be concluded with Denmark, the Faroe Islands, Finland, France, Greenland, Iceland, the Netherlands, Norway, Poland and Sweden. Transit agreements with Germany and the United States of America are in effect. Tax Information Exchange Agreements (TIEA) provide for the exchange of information on request in the context of a specific criminal or civil tax investigation or civil tax matter under investigation.  A TIEA model has been developed by the OECD Global Forum Working Group on Effective Information Exchange. The agreement was born out of the OECD`s work on combating harmful tax practices. The lack of effective exchange of information is one of the main criteria for determining harmful tax practices. The agreement is the standard for the effective exchange of information within the meaning of the OECD`s initiative on harmful tax practices. Specifically, an agreement on the exchange of tax information is a legal instrument that constitutes the framework for the exchange of information between two governments. These agreements are generally based on the international standard of the Organisation for Economic Co-operation and Development (OECD) and are seen as an important tool to prevent tax evasion in cases where there is no comprehensive tax treaty between the countries concerned. The exchange of information on request was completed by an automatic procedure on 29 October 2014.  The automatic process must be based on a common reporting standard. The aim of this agreement is to promote international cooperation in tax matters through the exchange of information.
It was developed by the OECD Global Forum Working Group on Effective Information Exchange. A tieA request for information model has been developed to assist the relevant authorities of TIEA partners in requesting information.