December 17, 2013
Montreal, International Corporate Tax
Finance has announced that its Tax Information Exchange Agreement (TIEA) with Panama came into force on December 6, 2013. Under Article 11 of the TIEA, the TIEA will generally apply to taxes that arise, or taxation years that begin, on or after December 6, 2013 (i.e., the date that the TIEA comes into force). The TIEA was signed on March 17, 2013.
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Information is current to December 17, 2013. The information contained in this publication is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's National Tax Centre at 416.777.8500