Agreement in Principle on the Tax Agreement regarding the Information between the Government of Japan and the Government of the Macao Special Administrative Region

April 25, 2013
Japanese

    1. The Government of Japan and the Government of the Macao Special Administrative Region of the People’s Republic of China, as the result of the intergovernmental negotiations, have agreed in principle on an Agreement on the exchange of information relating to tax matters.
    2. This Agreement provides for the effective exchange of information between the two tax authorities in accordance with international standards, and is expected to contribute to the prevention of international tax evasion and tax avoidance, the importance of which has been recognized at international conferences.
    3. The Government of Japan is determined to contribute to the strengthening of the information exchange network aimed at the prevention of international tax evasion and tax avoidance by concluding this Agreement as early as possible.
    4. This Agreement will be signed after the work for the finalization of the text and the procedures within both Governments are finished. Then, it will enter into force, after the completion of the respective domestic procedures for the conclusion of the Agreement.

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