Entry into Force of the Tax Information Exchange Agreement between the Government of Japan and the Government of the Isle of Man

August 3, 2011
Japanese

On August 2 (GMT), the Embassy of Japan in London received the notification from the Government of the Isle of Man, informing the completion of its internal procedures necessary for the entry into force of "the Agreement between the Government of Japan and the Government of the Isle of Man for the Exchange of Information Relating to Tax Matters (Tax Information Exchange Agreement between the Government of Japan and the Government of the Isle of Man)" signed on June 21, 2011. The Government of Japan has already sent its notification for the same effect to the Government of the Isle of Man. Accordingly, this Agreement will enter into force on September 1, 2011.
This Agreement provides for a detailed mechanism for the exchange of tax information, with a view to preventing cross-border fiscal evasion and tax avoidance. This Agreement is the third international agreement for the exchange of tax information that Japan concluded following the Tax Agreements with Bermuda and The Bahamas, and it will be expected to contribute to expanding the international information exchange network aiming at the prevention of cross-border fiscal evasion and tax avoidance.

(*This is a provisional translation. The above date denotes the date of the issue of the original press release in Japanese.)

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