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. El Salvador Signs OECD's Multilateral Tax Pact

El Salvador Signs OECD's Multilateral Tax Pact

by Mike Godfrey, Tax-News.com, Washington

02 June 2015


El Salvador on June 1, 2015, became the 86th nation to sign the Multilateral Convention on Mutual Administrative Assistance in Tax Matters.

Developed by the Organisation for Economic Cooperation and Development (OECD) and the Council of Europe, the Convention provides a comprehensive multilateral framework for the exchange of information and assistance in tax collection. It covers administrative assistance between tax authorities for information exchange on request and the automatic exchange of information, and facilitates simultaneous tax examinations and assistance in the collection of tax debts.

El Salvador is the eighth Latin American country and the third member of the Central American Common Market – after Costa Rica and Guatemala – to join the Convention.

Since the Group of Twenty nations (G-20) put financial sector transparency and tax evasion on the international agenda in 2009, the Convention has become a central element of international cooperation efforts, the OECD said. It is seen as the ideal instrument for the swift implementation of the new international Standard for Automatic Exchange of Financial Account Information in Tax Matters, developed by the OECD and G-20 countries, and provides a framework for the automatic exchange of country-by-country reports, as recommended under the OECD's base erosion and profit shifting project.

TAGS: Finance | tax | tax avoidance | law | offshore | Costa Rica | France | Guatemala | G20 | El Salvador | Europe | Central America | Tax

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.

 






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 »