According to a recent update from the Brunei Ministry of Finance, the tax information exchange agreement (TIEA) with Greenland entered into force on 7 August 2015 and the TIEA with Sweden entered into force on 20 December 2015. The TIEAs were both signed 27 June 2012 and are in line with the OECD standard for information exchange. They are the first of their kind between Brunei and the respective countries.
The TIEA with Greenland applies for criminal tax matters from the date of its entry into force and for other matters from 1 January 2016. The TIEA with Sweden generally applies from the date of its entry into force.
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