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EU Signs Tax Agreement With IOTA

by Ulrika Lomas,, Brussels

29 July 2016

The Intra-European Organisation of Tax Administrations (IOTA) has signed an Agreement for Cooperation with the European Commission designed to allow them to work more effectively towards the "common goals" of the two bodies, particularly cracking down on tax evasion.

According to an announcement by IOTA on July 26, the main areas of collaboration under the agreement include cooperating in the fight against tax fraud, exchanging information, providing mutual assistance, supporting tax authorities to improve taxpayer compliance rates, and supporting capacity building.

The agreement between IOTA and the Taxation and Customs Union Directorate General (DG TAXUD) of the European Commission was signed during IOTA's General Assembly on July 7 in Bucharest by IOTA's President, Octavian Deaconu, and Caroline Edery, Head of Unit, Tax Administration and Fight Against Tax Fraud, DG TAXUD.

Edery said: "The Commission has been supporting IOTA since its very birth, and closely followed its progress. We share the same objective: supporting European states in developing and modernizing their tax administrations, and make them organizations of excellence at the service of society."

Based in Budapest, IOTA is a non-profit intergovernmental organization designed to promote best practices in tax administration and more effective cooperation between its 46 member tax authorities.

TAGS: compliance | tax | European Commission | Hungary | Romania | European Union (EU) | Europe | Tax

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