Market leading insight for tax experts
View online issue

Automatic exchange of information

printer Mail

Six new countries have signed up to automatic exchange of country-by-country reports.

Six new countries have signed up to automatic exchange of country-by-country reports. On 12 May, Canada, Iceland, India, Israel, New Zealand and China signed the multilateral competent authority agreement for automatic sharing of country-by-country reporting information, bringing the total number of signatories to 39 countries. Israel and the Russian Federation have also become the 81st and 82nd signatories to the key CRS multilateral competent authority agreement.

Bahrain, Lebanon, Nauru, Panama and Vanuatu have committed to sharing financial account information automatically with other countries by 2018, in accordance with the common reporting standard.

Issue: 1309
Categories: News
EDITOR'S PICKstar
Top