There is no legal requirement for us to inform taxpayers when their information is exchanged. However, as required by each international agreement, we must demonstrate that our auditors have exhausted all domestic avenues, including requesting the information from the taxpayer, prior to undertaking an EOI request.
Throughout this process, taxpayers may become aware of planned EOI requests through discussions and engagement with our compliance and audit teams. Where a covert investigation is being conducted or where there are concerns about records being destroyed however, compliance and audit teams may specifically not seek certain information from taxpayers.
For incoming EOI requests, we have no legal requirement to inform the taxpayer of this in relation to their tax affairs. In situations when EOI requests from treaty partners seek information that is not possessed by us or a third party, we may contact taxpayers for the requested information. This is usually in regard to taxpayers’ offshore tax affairs.
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We are committed to providing you with accurate, consistent and clear information to help you understand your rights and entitlements and meet your obligations.
If you follow our information and it turns out to be incorrect, or it is misleading and you make a mistake as a result, we will take that into account when determining what action, if any, we should take.
Some of the information on this website applies to a specific financial year. This is clearly marked. Make sure you have the information for the right year before making decisions based on that information.
If you feel that our information doesn't fully cover your circumstances, or you're unsure how it applies to you, contact us or seek professional advice.