DT8314 - Greece: double taxation agreement, Article 15: Exchange of information

(1) The taxation authorities of the Contracting Parties shall exchange such information (being information which is at their disposal under their respective taxation laws in the normal course of administration) as is necessary for carrying out the provisions of the present Convention or for the prevention of fraud or for the administration of statutory provisions against legal avoidance in relation to the taxes which are the subject of the Convention. Any information so exchanged shall be treated as secret and shall not be disclosed to any persons other than those concerned with the assessment and collection of the taxes which are the subject of the Convention. No information as aforesaid shall be exchanged which would disclose any trade, business, industrial or professional secret or trade process.

(2) As used in this Article, the term `taxation authorities` means, in the case of the United Kingdom the Commissioners of Inland Revenue or their authorised representative; in the case of Greece, the Director-General of Taxes or his authorised representative; and, in the case of any territory to which the present Convention is extended under Article 17, the competent authority for the administration in such territory of the taxes to which the Convention applies.