Pursuant to the provisions with regard to the exchange of information of the Convention on mutual administrative assistance in tax matters, closed in Strasbourg on 25 January 1988, as amended in 2010, and article 28 of the Convention between the Republic of Iceland and the Kingdom of the Netherlands for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, signed in Reykjavik on 25 September 1997, the competent authorities referred to under 2 of this Memorandum will exchange information automatically.
