The rights of taxpayers in the procedure of exchange of information

Abstract

In this paper the author considers the basic rights of taxpayers in the procedure of exchange of information. This is a very important issue because tax administrations increasingly rely on mutual assistance in tax matters. In the procedure of exchange of information, certain rights must be respected, primarily right to privacy and confidentiality of obtained data. Only a small number of countries notify taxpayers about the fact that a request for information has been made and give them right to consultation and right to intervention. Finally, the author tends to show the possible ways  of harmonization of conflicting interests of tax administrations and taxpayers, because guaranteeing these rights may undermine efficiency and the goal which should be achieved by exchange of information