The Global Forum on Transparency and Exchange of Information for Tax Purposes has released 13 peer review reports outlining plans to implement an international standard for exchange of tax information on request.

Important Updates

In addition to the above mentioned plan, the forum also issued compliance ratings for ten jurisdictions.

Other updates:

• The country of Georgia now qualifies for the next stage of the review process, which will assess the country’s exchange of information practices.
• Mexico received an overall rating of “Compliant”.

On October 28th and 29th of this year the Global Forum will be meeting in Berlin to discuss completion of additional peer reviews.

For more information, please read our article, “Global Forum releases compliance ratings on tax transparency for 10 jurisdictions”.