Tax information exchange agreement signed between Malta and the Bahamas

The High Commissioner of Malta Joseph Zammit Tabona the High Commissioner of the Bahamas Paul Farquharson signed the agreement at the Maltese high commission.

 Zammit Tabona said the agreement was instrumental for bilateral relations to be strengthened and "demonstrated good practice in the global financial sector."

Farquharson said this level of cooperation signified the goodwill that exists between our two countries.

Both signatories confirmed the agreement included all standard means to ensure due process was followed in tax information requests to both countries respectively, including, for example, provisions to protect confidentiality of information. The TIEA will also adhere to public policy considerations and provisions related to protecting legal privilege.

Malta and the Commonwealth of the Bahamas are both members of the OECD Global Forum on Transparency and Exchange of Information.