International community reaches important milestone in fight against tax evasion. First Peer Review of the Automatic Exchange of Financial Account Information released
New international standards on the automatic exchange of information for tax purposes have so far been satisfactorily implemented by countries worldwide, marking an important milestone in the global fight against tax evasion, according to a new report published on 9 December 2020 by the Global Forum on Transparency and Exchange of Information for Tax Purposes (the Global Forum). This has been announced by the OECD in a press release dated ...
Global Forum’s Peer Review of the Automatic Exchange of Financial Account Information re the Netherlands. Overall determination on the legal framework: ‘in place but needs improvement’ (the Netherlands)
New international standards on the automatic exchange of information for tax purposes have so far been satisfactorily implemented by countries worldwide, marking an important milestone in the global fight against tax evasion, according to a new report published on 9 December 2020 by the Global Forum on Transparency and Exchange of Information for Tax Purposes (the Global Forum). This has been announced by the OECD in a press release dated ...
Global Forum’s Peer Review of the Automatic Exchange of Financial Account Information re Sint Maarten. Overall determination on the legal framework: ‘not in place’ (Sint Maarten)
New international standards on the automatic exchange of information for tax purposes have so far been satisfactorily implemented by countries worldwide, marking an important milestone in the global fight against tax evasion, according to a new report published on 9 December 2020 by the Global Forum on Transparency and Exchange of Information for Tax Purposes (the Global Forum). This has been announced by the OECD in a press release dated ...
Global Forum’s Peer Review of the Automatic Exchange of Financial Account Information re Curaçao. Overall determination on the legal framework: ‘not in place’ (Curaçao)
New international standards on the automatic exchange of information for tax purposes have so far been satisfactorily implemented by countries worldwide, marking an important milestone in the global fight against tax evasion, according to a new report published on 9 December 2020 by the Global Forum on Transparency and Exchange of Information for Tax Purposes (the Global Forum). This has been announced by the OECD in a press release dated ...
Global Forum’s Peer Review of the Automatic Exchange of Financial Account Information 2020 re Aruba. Overall determination on the legal framework: ‘not in place’ (Aruba)
New international standards on the automatic exchange of information for tax purposes have so far been satisfactorily implemented by countries worldwide, marking an important milestone in the global fight against tax evasion, according to a new report published on 9 December 2020 by the Global Forum on Transparency and Exchange of Information for Tax Purposes (the Global Forum). This has been announced by the OECD in a press release dated ...
OECD releases international exchange framework for CRS-related mandatory disclosure rules and updates its XML schemas for the exchange of CRS, CbC and tax ruling information
In order to support the automatic exchange of information collected under the OECD's Model Mandatory Disclosure Rules (MDRs) on Common Reporting Standard (CRS) Avoidance Arrangements and Opaque Offshore Structures, on Thursday 27 June 2019 the OECD has released the international administrative and operational framework for the exchange of information collected under the MDRs. This was announced with a press release published on the website of the OECD. The MDR exchanges will be based ...
Major enlargement of the global network for the automatic exchange of offshore account information as over 100 jurisdictions get ready for exchanges
On 5 July 2018, the OECD published a new set of bilateral exchange relationships established under the Common Reporting Standard Multilateral Competent Authority Agreement (CRS MCAA). This was announced by the OECD in a press release dated 5 July 2018. In total, the international legal network for the automatic exchange of offshore financial account information under the CRS now covers over 90 jurisdictions, with the remaining dozen set to follow ...
Global network for the automatic exchange of offshore account information continues to grow; OECD releases new edition of the CRS Implementation Handbook
Yesterday, 5 April 2018, the OECD published a new set of bilateral exchange relationships established under the Common Reporting Standard Multilateral Competent Authority Agreement (CRS MCAA) which for the first time includes activations by Panama. This was announced in a press release published on the website of the OECD. In total, there are now over 2700 bilateral relationships for the automatic exchange of offshore financial account information under the CRS in ...
BEPS Action 13: Jurisdictions implement final regulations for first filings of CbC Reports, with over 1400 bilateral relationships now in place for the automatic exchange of CbC information
Yesterday, a further important step was taken to implement Country-by-Country (CbC) Reporting in accordance with the BEPS Action 13 minimum standard, through activations of automatic exchange relationships under the Multilateral Competent Authority Agreement on the Exchange of CbC Reports ("the CbC MCAA"), according to an announcement dated 21 December 2017 on the website of the OECD. For more information, click here to go to the announcement dated 21 December 2017 referred to ...
OECD announces further developments in international tax co-operation
On 16 March 2017 the OECD announced further developments in international tax co-operation. These developments hold, inter alia, that six treaty partners of Hong Kong (China), including the Netherlands, signed a competent authority agreement (CAA) with Hong Kong (China). CFN • Caribisch Fiscaal Nieuwsblad will monitor whether the CAA between Hong Kong and the Netherlands was signed by the Netherlands also on behalf of one or more of the Caribbean ...