Signing of the Protocol Amending the Japan-Malaysia Tax Agreement

February 10, 2010
Japanese

The Protocol Amending the Agreement between the Government of Japan and the Government of Malaysia for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income (the Amending Protocol) was signed in Putrajaya, Malaysia on February 10 by His Excellency Mr. Masahiko Horie, Ambassador Extraordinary and Plenipotentiary of Japan to Malaysia, and Y. B Senator Datuk Dr. Awang Adek bin Hussin, Deputy Minister of Finance II.
The Amending Protocol revises the provisions concerning the exchange of information regarding taxes in the current Agreement in line with the international standard. After the entry into force of the Amending Protocol, the effective exchange of information based on the international standard regarding taxes between the tax authorities of both countries will be operational, and is expected to contribute to the prevention of international tax evasion and tax abuse.
The Amending Protocol shall be approved in accordance with the internal procedures of each of the countries (in the case of Japan, the approval of the National Diet is required) and enter into force on the thirtieth day after the date of exchange of diplomatic notes indicating such approval.

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