The diagram depicts the flow of information between the authorities in country A and country B.
Taxpayer in country A has a bank account in country B. The bank in country B discloses certain financial account data to authorities in country B. Authorities in country B automatically forward information to the authorities in country A. Authorities in country A can examine foreign ﬁnancial account data. The following information is exchanged:
- Identification information (information which the partner state requires to identify the accountholder): Name, address, date of birth, tax identification number
- Account information (information to identify the accounts and the financial institutions subject to the reporting duty which the accounts to be reported hold): Account number, name and address of the financial institution
- Financial information (information concerning account activity and balance): Interest income, dividends and other financial revenue, receipts from certain insurance policies, credit balances, proceeds from the sale of financial assets