OECD-report International Standards for Automatic Exchange of Information in Tax Matters: Crypto-Asset Reporting Framework and 2023 update to the Common Reporting Standard
On Thursday, June 8th, 2023 the OECD-report ‘International Standards for Automatic Exchange of Information in Tax Matters: Crypto-Asset Reporting Framework and 2023 update to the Common Reporting Standard, was published on the website of the OECD. From the information page regarding this publication on the website of the OECD: Since the adoption of the Standard for Automatic Exchange of Financial Account Information in Tax Matters in 2014, it has been ...
Global Forum Secretariat launches new guidance on implementing secure systems for the automatic exchange of information
The Secretariat of the Global Forum on Transparency and Exchange of Information (Global Forum) has developed a new ‘Guidance for implementation of a secure perimeter for automatic exchange of information purposes – a tactical approach on confidentiality and data safeguards for developing countries’. This has been announced with a news release dated June 2023 on the website of the OECD. Further from the news release: The guidance helps jurisdictions interested in ...
Global Forum Secretariat assists members to ensure the effective implementation of automatic exchange of financial account information
The Global Forum Secretariat has developed a Model Administrative Compliance Strategy in order to assist jurisdictions in developing, improving and implementing their own administrative compliance strategy to ensure the effectiveness of the Standard for Automatic Exchange of Financial Account Information in Tax Matters (AEOI). This has been announced with a news release dated 31 May 2023 on the website of the OECD. Further from the news release: To further assist jurisdictions committed to ...
Global Forum members’ Competent Authorities meet in Tbilisi for their annual experience-sharing conference
The 10th Global Forum Competent Authorities Conference was kindly hosted by the Georgia Revenue Service on 15 and 16 May 2023 in Tbilisi. The event brought together 160 participants from 77 jurisdictions. This has been announced with a news release dated 16 May 2023 on the website of the OECD. The Global Forum on Transparency and Exchange of Information for Tax Purposes (the Global Forum) is the leading multilateral body mandated to ensure that jurisdictions ...
Revised EU list of non-cooperative jurisdictions dated 5 October 2021
On 5 October 2021, the Council of the European Union (EU) adopted conclusions on the revised EU list of non-cooperative jurisdictions for tax purposes. The following countries are now listed : American Samoa, Fiji, Guam, Palau, Panama, Samoa, Trinidad and Tobago, the U.S. Virgin Islands and Vanuatu. For more information, refer to this page on the website of the European Commission. Click here (pdf) for the Council conclusions on the ...
New report highlights successful delivery of Global Forum Secretariat’s capacity-building activities during challenging year
On 17 February 2021, the 2021 Global Forum capacity building report has been published, setting out the large amount of support activities conducted by the Global Forum. Despite challenging conditions, the Global Forum Secretariat ensured the continuity of its capacity-building programme in 2020, while increasing its support to jurisdictions. This has been announced by the OECD with a press release dated 17 February 2021 on the occasion of the release of the ...
Dominica added to the EU list of non-cooperative jurisdictions, Barbados removed
On 22 February 2021, the Council of the European Union (EU) adopted conclusions on the revised EU list of non-cooperative jurisdictions for tax purposes, deciding to add Dominica to the EU list of non-cooperative jurisdictions (Annex I of the conclusions) and to remove Barbados from that list. This has been announced with a press release dated 22 February 2021 on the website of the European Commission. Furthermore from the press ...
Global Forum reveals compliance ratings from new peer review assessments for, among others, Anguilla, Chile and Uruguay
The Global Forum on Transparency and Exchange of Information for Tax Purposes (the Global Forum) published nine new peer review reports assessing compliance with the international standard on transparency and exchange of information on request (EOIR). This was announced in a press release dated 1 September 2020 as published on the website of the OECD. Despite the significant disruption caused by the COVID-19 pandemic over the past few months and ...
10th Anniversary Meeting of the Global Forum: “International community has achieved unprecedented success fighting offshore tax evasion”
On 26-27 November, the 10th Anniversary Meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes (the Global Forum) in Paris brought together more than 500 delegates from 131 member jurisdictions for renewed discussions on efforts to advance the tax transparency agenda. This was announced in a press release on the website of the OECD. From the press release: Ten years since the G20 declared the end of banking ...
Global Forum on tax transparency reveals compliance ratings for further seven jurisdictions. The Netherlands rated overall Largely Compliant
The Global Forum on Transparency and Exchange of Information for Tax Purposes (the Global Forum) published today seven peer review reports assessing compliance with the international standard on transparency and exchange of information on request (EOIR). This was announced on 18 March 2019 with a press release published on the website of the OECD. These reports are part of the second round of Global Forum reviews which assess jurisdictions against ...
Global Forum publishes compliance ratings on tax transparency for further seven jurisdictions
On 15 October 2018, the Global Forum on Transparency and Exchange of Information for Tax Purposes (the Global Forum) published seven peer review reports assessing compliance with the international standard on transparency and exchange of information on request (EOIR). These reports assess jurisdictions against the updated standard which incorporates beneficial ownership information of all relevant legal entities and arrangements, in line with the definition used by the Financial Action Task Force Recommendations. Two jurisdictions – Bahrain and Singapore – ...
Aruba Largely Compliant with the international standard on transparency and exchange of information on request. Global Forum publishes second round peer review report
The Global Forum on Transparency and Exchange of Information for Tax Purposes (the Global Forum) rated Aruba overall Largely Compliant with the international standard of transparency and exchange of information on requests handled over the period from 1 July 2014 to 30 June 2017. Today (Monday 15 October 2018) the Global Forum published among others the Second Round Peer Review Report on the Exchange of Information on Request 2018 regarding Aruba, ...
Global Forum issues tax transparency compliance ratings for nine jurisdictions as membership rises to 150
On 4 April 2018, the Global Forum on Transparency and Exchange of Information for Tax Purposes (the Global Forum) published nine peer review reports assessing compliance with international standards on tax transparency, according to a press release dated 4 April 2018 on the website of the OECD. Eight of these reports assess countries against the updated standards which incorporate beneficial ownership information of all legal entities and arrangements, in line with the Financial ...