CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. 50 Countries To Automatically Exchange Tax Data: OECD

50 Countries To Automatically Exchange Tax Data: OECD

by Ulrika Lomas, Tax-News.com, Brussels

28 December 2016


Over 50 jurisdictions have committed to automatically exchange tax information under the OECD's Common Reporting Standard.

The OECD said there are now more than 1,300 bilateral relationships in place across the globe, with most of them based on the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information (the CRS MCAA).

Countries will again be able to decide on a further countries with which to automatically exchange tax-related information in two rounds in March and June 2017.

OECD said that 101 jurisdictions have agreed to start automatically exchanging financial account information in September 2017 and 2018.

The OECD said on December 22: "Today's second wave of activations of bilateral exchange relationships [which added 350 to the tally] is a further crucial step towards the timely implementation of the OECD-developed international standard for the automatic exchange of financial account information, the CRS, and reflects the determination of jurisdictions around the world to deliver on their political commitment to fight tax evasion," the OECD said.

TAGS: compliance | tax | offshore confidentiality | tax compliance | banking | international financial centres (IFC) | offshore | banking secrecy | individual income tax | BEPS

To see today's news, click here.

Leave a comment

Read our Posting Guidelines

 






Close

Password Reminder

Please enter your email address to receive a password reminder.

 

Log into Tax-News+
Not registered yet? Find out about our daily news alert service »

 Email: 
 Password: 

Login »

Forgotten your password?







Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Tax-News+ Updates

Receive FREE daily updates from Tax-News.com, straight to your inbox. Register Now!

For a tailored solution, choose to receive selected news updates for your preferred jurisdictions and topics, with our enhanced Tax-News+ subscriber service. Read more...

 

Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »