Peer Review of the Automatic Exchange of Financial Account Information (2023 update) and Global Forum charts course for its future tax transparency agenda
Friday December 1, 2023, the Global Forum on Transparency and Exchange of Information for Tax Purposes (the Global Forum) concluded its 16th plenary meeting, marking significant advances in its efforts to deliver transparency and exchange of information (EOI) for tax purposes for all. Over 420 delegates from 115 jurisdictions and 13 international organisations convened in Lisbon, Portugal, to discuss the progress so far and chart the future work to promote ...
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’s capacity-building activities to support tax transparency deliver impactful results
On Monday, February 13, 2023, the Global Forum on Transparency and Exchange of Information for Tax Purposes published its 2023 Global Forum Capacity Building Report. The report sheds light on the Global Forum’s capacity-building and outreach activities carried out throughout 2022 in support of the global implementation of the tax transparency standards (exchange of information on request (EOIR) and automatic exchange of financial account information (AEOI)). This has been announced ...
Global Forum reports significant progress on global transparency and exchange of tax information, while noting further work is needed
Wednesday November 9, 2022, the Global Forum on Transparency and Exchange of Information for Tax Purposes published the report ‘Peer Review of the Automatic Exchange of Financial Account Information 2022’. The report presents the first peer reviews with effectiveness ratings for the 99 countries and jurisdictions which had committed to starting Automatic Exchange of Information (AEOI) in 2017 or 2018. This has been announced with a news release on the ...
Peer review report on Automatic Exchange of Financial Account Information 2022: Sint Maarten
According to the Global Forum’s 2022 peer review report on automatic exchange of financial account information (AEOI), Sint Maarten’s legal framework implementing the AEOI Standard is in place but needs improvement. The overall rating of Sint Maarten in relation to the effectiveness in practice is: non-compliant. Wednesday November 9, 2022, the Global Forum on Transparency and Exchange of Information for Tax Purposes published the report ‘Peer Review of the Automatic ...
Peer review report on Automatic Exchange of Financial Account Information 2022: Curaçao
According to the Global Forum’s 2022 peer review report on automatic exchange of financial account information (AEOI), Curaçao’s legal framework implementing the AEOI Standard is not in place. The overall rating of Curaçao in relation to the effectiveness in practice is: non-compliant. Wednesday November 9, 2022, the Global Forum on Transparency and Exchange of Information for Tax Purposes published the report ‘Peer Review of the Automatic Exchange of Financial Account ...
Peer review report on Automatic Exchange of Financial Account Information 2022: Aruba
According to the Global Forum’s 2022 peer review report on automatic exchange of financial account information (AEOI), Aruba’s legal framework implementing the AEOI Standard is not in place. The overall rating of Aruba in relation to the effectiveness in practice is: non-compliant. Wednesday November 9, 2022, the Global Forum on Transparency and Exchange of Information for Tax Purposes published the report ‘Peer Review of the Automatic Exchange of Financial Account ...
Global Forum Secretariat presents Model Administrative Compliance Strategy for the Standard on automatic exchange of financial account information
The Global Forum Secretariat recently 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 on automatic exchange of financial account information (AEOI). On 29 July 2022, 200 delegates from 88 jurisdictions attended a virtual information session focusing on the Model Strategy and technical assistance available to jurisdictions committed to AEOI. This has been announced with a news ...
Public comments received on the Crypto-Asset Reporting Framework and Amendments to the Common Reporting Standard
The OECD has published the public comments received on the Crypto-Asset Reporting Framework and Amendments to the Common Reporting Standard. This has been announced on 2 May 2022 with a news release on the website of the OECD. On 22 March 2022, interested parties were invited to provide comments on said Crypto-Asset Reporting Framework and Amendments to the Common Reporting Standard. CFN-artikelnummer 20220506-20 BRONDOCUMENT (link to the news release dated 2 May ...
OECD seeks input on new tax transparency framework for crypto-assets and amendments to the Common Reporting Standard
On Tuesday, March 22, 2022, the OECD released a public consultation document concerning a new global tax transparency framework to provide for the reporting and exchange of information with respect to crypto-assets, as well as proposed amendments to the Common Reporting Standard (CRS) for the automatic exchange of financial account information between countries. The purpose of the consultation is to inform policy makers decisions on the possible adoption of any such framework ...
Ten years of capacity building to advance tax transparency: landmark Global Forum report highlights successful activities
On February 3, 2022, the 2022 Global Forum Capacity Building Report has been published. The report highlights ten years of successful capacity-building activities to support the global implementation of the two international standards on exchange of information on request (EOIR) and automatic exchange of financial account information (AEOI). The report also provides an update on the Global Forum’s capacity-building programme and outreach activities carried out in 2021. This has been announced by ...
Global Forum organises workshop on automatic exchange of information’s effectiveness review process
The Global Forum Secretariat organised a workshop on the effectiveness review process with a focus on ensuring compliance by financial institutions in relation to the Automatic Exchange of Financial Account Information (AEOI). Held virtually on 1-2 December 2021, it was attended by over 420 participants from 84 jurisdictions. This has been announced on 3 December 2021 with a news release on the website of the OECD. Furthermore from the news ...
First edition of Tax Transparency in Latin America report outlines growing role of tax transparency and exchange of information in helping Latin American governments fight financial crimes and mobilise resources
On 12 July 2021, the report Tax Transparency in Latin America 2021 was published. The report is a key output of the Punta del Este Declaration, a Latin American initiative to tackle tax evasion, corruption and other financial crimes through transparency and exchange of information (EOI) for tax purposes. This has been announced with a press release on the website of the OECD. Furthermore from the press release: The report analyses the ...
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 ...
Global Forum Secretariat delivers new Confidentiality and Information Security Management toolkit to assist in the implementation of the Automatic Exchange of Information Standard
The Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum) has worked since 2014 to support its members in implementing the Automatic Exchange of Information Standard developed by the OECD (AEOI Standard). Ensuring compliance with the extensive confidentiality and information security management (ISM) requirements has been at the core of this process. This has been announced by the OECD in a press release dated 1 December ...
First peer reviews of automatic exchange of financial account information to be published during annual meeting of the Global Forum on Transparency on 9-11 December 2020
The Global Forum on Transparency and Exchange of Information for Tax Purposes will hold its annual plenary meeting on 9-11 December 2020. The 2020 Global Forum Plenary Meeting, to be held virtually, will bring together representatives of the Forum’s membership for three days of discussions under the theme: "Transparency for Tax Purposes in the time of COVID-19 – Working together to promote the fairness of tax systems and generate revenue." This ...
First meeting of the Global Forum’s peer review group on the effective implementation of automatic exchange of tax information
The Global Forum on Transparency and Exchange of Information for Tax Purposes recently established an Automatic Exchange of Information Peer Review Group (APRG) to take forward its work on ensuring the effective implementation of the Standard for Automatic Exchange of Financial Account Information in Tax Matters (the AEOI Standard). Comprised of 34 Global Forum members, the APRG held its first meeting on 16-18 March 2020 to discuss key issues in ensuring ...
Global Forum on tax transparency reveals compliance ratings for further eight jurisdictions
On 12 November 2019, the Global Forum on Transparency and Exchange of Information for Tax Purposes (the Global Forum) published eight 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 published on the website of the OECD. From the press release: These reports are part of the second round of Global Forum reviews, which ...
Curaçao receives an overall rating of Largely Compliant from the Global Forum
On 12 November 2019, the Global Forum on Transparency and Exchange of Information for Tax Purposes (the Global Forum) published eight peer review reports assessing compliance with the international standard on transparency and exchange of information on request (EOIR). The release of the reports was announced in a press release published on the website of the OECD. These reports are part of the second round of Global Forum reviews, which ...
Global Forum on tax transparency reveals new compliance ratings for nine jurisdictions
On 30 July 2019, the Global Forum on Transparency and Exchange of Information for Tax Purposes (the Global Forum) published nine 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 published on the website of the OECD. These reports are part of the second round of Global Forum reviews, which assess jurisdictions against the ...
Documenten, handleidingen en XML-schema’s inzake Automatic Exchange of Financial Account Information op website Ministerie van Financiën (CRS, FATCA) (Curaçao)
Op de website van het Ministerie van Financiën van Curaçao staan verschillende documenten, handleidingen en XML-schema’s met betrekking tot “Automatic Exchange of Financial Account Information in Tax matters” (Common Reporting Standard/CRS, FATCA). Het betreft onder meer: Handleidingen de FATCA/CRS handleiding 3.1 (november 2018, Nederlands) de FATCA/CRS manual 2.1 (januari 2017, Engels) de FATCA/CRS Updated Planning (Nederlands). XML-schema’s FATCACRS FATCACRS Types ISOFATCAT Types OECD Types STFFATCA Types Totaaloverzicht Voorbeeld Relevante wetgeving: ...
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 on Tax Transparency marks a dramatic shift in the fight against tax evasion with the widespread commencement of the automatic exchange of financial information
The Global Forum on Transparency and Exchange of Information for Tax Purposes held its annual meeting in Punta del Este, Uruguay on 20-22 November, bringing together over 200 delegates from more than 100 jurisdictions, international organisations and regional groups to strengthen further the international community’s fight against tax evasion. This was announced with a press release published on the website of the OECD. The meeting marked the widespread rollout of automatic exchange of ...
Verklaringen Koninkrijk ten behoeve van (Europees en Caribisch) Nederland, Aruba en Curaçao over effectieve data voor uitwisseling van informatie op basis van CbC en CRS onder de MCAA
Op 13 september 2018 zijn de Engelse teksten van een viertal verklaringen van het Koninkrijk der Nederlanden in het kader van de effectieve data voor uitwisseling van informatie onder het WABB-verdrag (Verdrag inzake wederzijdse administratieve bijstand in belastingzaken) en de Multilateral Competent Authority Agreement (MCAA) in het Tractatenblad van het Koninkrijk der Nederlanden geplaatst (Trb. 2018, 167). Ten behoeve van Nederland, zowel voor het Europese als voor het Caribische deel ...
Landsbesluit winstbelasting in verband met implementatie aanvullende documentatieverplichtingen verrekenprijzen. Wijziging Landsbesluit uitvoering internationale bijstandsverlening en Landsbesluit administratieve sanctie bij niet nakomen fiscale verplichtingen
Op 3 augustus 2018 is het Landsbesluit, houdende algemene maatregelen, van de 4de juli 2018 ter uitvoering van de artikelen 45, tweede lid, en 46, derde lid, van de Landsverordening op de winstbelasting 1940 en houdende wijziging van het Landsbesluit uitvoering internationale bijstandsverlening en Landsbesluit administratieve sanctie bij niet nakomen fiscale verplichtingen (Landsbesluit winstbelasting) gepubliceerd in het Publicatieblad van Curaçao, jaargang 2018, no. 19 (P.B. 2018, no. 19). Dit landsbesluit ...
Better design of taxes on personal savings and wealth is needed to support inclusive growth
The taxation of personal savings and wealth varies widely, offering governments significant scope for tax reforms that simultaneously improve both the efficiency and fairness of their tax systems, according to two new OECD reports as the OECD announced on 12 April 2018 in a press release. The reports – Taxation of Household Savings and The Role and Design of Net Wealth Taxes - recognise that taxes are among the most effective tools governments have ...