INDIA AND BAHAMAS SIGN TIEA

No.402/92/2006-MC (04 of 2011) 
Government of India / Ministry of Finance 
Department of Revenue 
Central Board of Direct Taxes 
***
New Delhi dated the 12
th
 February 2011 
PRESS RELEASE 
India has entered into a Tax Information Exchange Agreement (TIEA) with the 
Bahamas. The Agreement was signed on 11
th
 February 2011 by the High Commissioner of India 
to Jamaica (concurrently accredited to the Commonwealth of The Bahamas) on behalf of India 
and the Minister of State for Finance on behalf of the Government of the Commonwealth of The 
Bahamas. 

The agreement provides for sharing information, including exchange of banking and 
ownership information. Although the information shared will be covered under the secrecy 
clause, it can be shared with specified tax authorities or authorities concerned with 
determination of tax appeals. Information can also  be shared for other purposes with the prior 
consent of the giving party. 
This is the fourth TIEA entered into by India in recent months. Earlier, India had signed 
similar TIEAs with Bermuda, Isle of Man and British Virgin Islands.  
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