COMPETENT AUTHORITY ARRANGEMENTCompetent Authority Arrangement • January 30th, 2020
Contract Type FiledJanuary 30th, 2020On May 13, 2019, the Government of the United States of America and the Government of the Republic of Tunisia signed an intergovernmental agreement (“IGA”) entitled, “Agreement between the Government of the United States of America and the Government of the Republic of Tunisia to Improve International Tax Compliance and to Implement FATCA.” The IGA requires, in particular, the exchange of certain information with respect to U.S. and the Republic of Tunisia Reportable Accounts on an automatic basis, pursuant to the provisions of Article 26 of the Convention between the Government of the United States of America and the Government of the Tunisian Republic for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income, signed at Washington on June 17, 1985, as amended by the Supplementary Protocol, signed at Tunis on October 4, 1989 (together the “Convention”).