Exchange of Information on Request (EOIR)
Under the EOIR framework, all the double tax treaties (DTT's / DTA's) and tax information exchange agreements (TIEA's) are not working, unless a treaty state takes the initiative to make a request, which is foreseeably relevant to the administration or enforcement of its domestic tax rules, to another treaty state in accordance with the agreed upon procedures.
Under the AEOI framework, a reporting financial institution in state [A] will automatically disclose to its treaty state [B] the information about the bank accounts maintained at the reporting financial institution in state A and held by the tax residents of state B.
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