Entry into Force of the Tax Information Exchange Agreement Between the Government of Japan and the Government of the Republic of Panama
1. On February 10, the Government of Japan received notification from the Government of the Republic of Panama informing the Government of Japan of 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 Republic of Panama for the Exchange of Information relating to Tax Matters , signed on August 25, 2016. The Government of Japan has already sent its notification for the same effect to the Government of the Republic of Panama. Accordingly, this Agreement will enter into force on March 12, 2017.
2. This Agreement provides a detailed mechanism for the exchange of tax information between Japan and Panama, with a view to preventing cross-border fiscal evasion and tax abuse. It is also expected to contribute to expanding the international information exchange network aiming at the prevention of cross-border fiscal evasion and tax abuse.