Common use of Automatic exchange of information Clause in Contracts

Automatic exchange of information. The categories of information subject to automatic exchange shall be determined by the Joint Committee in accordance with Article 41. A state may abstain from taking part in the automatic exchange of one or more categories of information referred to in paragraph 1 where the collection of information for such exchange would require the imposition of new obligations on persons liable for VAT or would impose a disproportionate administrative burden on that state. Each state shall notify the Joint Committee in writing of its decision, taken in accordance with the previous paragraph.

Automatic exchange of information. 1. The categories of information subject to automatic exchange shall be determined by the Joint Specialised Committee in accordance with Article 41PVAT. 2. A state State may abstain from taking part in the automatic exchange of one or more categories of information referred to in paragraph 1 where the collection of information for such exchange would require the imposition of new obligations on persons liable for VAT or would impose a disproportionate administrative burden on that stateState. 3. Each state State shall notify the Joint Specialised Committee in writing of its decision, decision taken in accordance with the previous paragraph.

Automatic exchange of information. 1. The categories of information subject to automatic exchange shall be determined by the Joint Committee in accordance with Article 41. 2. A state may abstain from taking part in the automatic exchange of one or more categories of information referred to in paragraph 1 where the collection of information for such exchange would require the imposition of new obligations on persons liable for VAT or would impose a disproportionate administrative burden on that state. 3. Each state shall notify the Joint Committee in writing of its decision, taken in accordance with the previous paragraph.