The tax information exchange agreement between the Bahamas and Ireland was signed by the Bahamas on 12 December 2014 and by Ireland on 12 January 2015. The agreement is the first of its kind between the two countries and will enter into force once the ratification instruments are exchanged. Once in force, the agreement will apply for criminal tax matters in respect of tax periods beginning on or after 1 January 2004, and for other tax matters in respect of tax periods beginning on or after the date of its entry into force.