Macau To Sign OECD Multilateral Information Exchange Treaty
by Mary Swire, Tax-News.com, Hong Kong
11 May 2018
Macau's Chief Executive has issued an order authorizing signature of the OECD Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information.
The Multilateral Agreement provides a standardized mechanism to facilitate the automatic exchange of information in accordance with the Standard for Automatic Exchange of Financial Information in Tax Matters. It avoids the need for separate bilateral agreements to be concluded.
When Macau signs the Multilateral Agreement it will join over 100 countries and jurisdiction who have committed to tackle tax evasion and avoidance through cooperation and exchange of information.
To see today's news, click here.
Tax-News Reviews
A review and forecast of Cyprus's international business, legal and investment climate.
A review and forecast of Malta's international business, legal and investment climate.
A review and forecast of Jersey's international business, legal and investment climate.
A review of the latest budget news and government financial statements from around the world.
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 »
Network Blogs and Features
- steadier ground »
- embroiled in turmoil »
- Digital Disputes »
- Naming Your Hong Kong Company - Consider these tips »
- The apple never falls far »
- Brexit & Ireland »
- You Think Offshore Banking is Only for the Wealthy? Think Again! »
- Budget Measures »
- Talking Indirectly »
- Restriction and Disqualification of Directors in Ireland who fail to close a company correctly »