Japan's Ministry of Finance has announced that officials from the Bahamas and Japan signed a protocol on 9 February 2017 to the 2011 tax information exchange agreement between the two countries. The protocol:
- Adds Article 5A (Automatic Exchange of Information);
- Replaces Article 3 (Jurisdiction);
- Amends Article 8 (Confidentiality) regarding the non-disclosure of information; and
- Adds Paragraph 4 to Article 18 (Entry into Force) with respect to Article 5A, which will apply from 1 January 2017…