Peer Review of the Automatic Exchange of Financial Account Information 2023 Update.

Format:

Book

Author/Creator:

Organization for Economic Cooperation & Development, author, issuing body.

Language:

English

Subjects (All):

Tax evasion.

Taxation.

Physical Description:

1 online resource (111 pages)

Edition:

1st ed.

Place of Publication:

Paris : Organization for Economic Cooperation & Development, 2023.

Summary:

This report presents the latest conclusions of the peer reviews of the legal frameworks put in place by jurisdictions to implement the AEOI standard and two new initial effectiveness reviews. It supplements and builds upon the assessments of the legal frameworks and the initial reviews of the effectiveness of their implementation in practice published in 2022, for around 100 jurisdictions that were the first to commit to commence AEOI.

Contents:

Intro

Abbreviations and acronyms

Executive summary

1 Monitoring and reviewing the implementation of the AEOI Standard - the results

The AEOI commitment process

Monitoring the timeliness of delivery

Delivery of the commitments

Jurisdictions yet to commence exchanges as committed to

Commitments to commence exchanges in the future

Peer reviews of the effectiveness of implementation

An analysis of the peer review results to date

The results of the reviews of the AEOI legal frameworks

Common issues identified

The results of the reviews of the effectiveness in practice

A summary of the peer reviews to date

The second round of AEOI effectiveness reviews

2 The methodologies for the Global Forum's AEOI peer reviews

Global Forum AEOI peer reviews: covering all relevant areas

Peer reviews of the AEOI legal frameworks

The requirements

How the requirements are reviewed

What is reviewed in relation to Core Requirement 1

What is reviewed in relation to Core Requirement 2

Drawing conclusions and issuing determinations on the completeness of the AEOI legal frameworks

Peer reviews of the effectiveness in practice of AEOI implementation

How the requirements are reviewed during the initial reviews

How the requirements are reviewed during the in-depth reviews

Drawing conclusions and issuing ratings on the effectiveness of the implementation of AEOI in practice

Ratings issued during the initial reviews

Ratings issued during the in-depth reviews

Notes

3 Jurisdiction-specific reports

Albania

Overall findings

Conclusions on the legal framework

General context

Detailed findings.

CR1 Domestic legal framework: Jurisdictions should have a domestic legislative framework in place that requires all Reporting Financial Institutions to conduct the due diligence and reporting procedures in the CRS, and that provides for the effective ...

CR2 International legal framework: Jurisdictions should have exchange relationships in effect with all Interested Appropriate Partners as committed to and that provide for the exchange of information in accordance with the Model CAA.

Comments by the assessed jurisdiction

Aruba

Detailed findings

CR1 Domestic legal framework: Jurisdictions should have a domestic legislative framework in place that requires all Reporting Financial Institutions to conduct the due diligence and reporting procedures in the CRS, and that provides for the effective...

Azerbaijan

Belgium

Overall findings.

Conclusions on the legal framework

CR2 International legal framework: Jurisdictions should have exchange relationships in effect with all Interested Appropriate Partners as committed to and that provide for the exchange of information in accordance with the Model CAA

Belize

AEOI legal framework

Costa Rica

CR2 International legal framework: Jurisdictions should have exchange relationships in effect with all Interested Appropriate Partners as committed to and that provide for the exchange of information in accordance with the Model CAA.

Comments by the assessed jurisdiction

Ecuador

Ghana

Effectiveness of AEOI in practice

Findings and conclusions on the legal frameworks

Assessed jurisdiction's comments on the assessment of its legal frameworks

Findings and conclusions in relation to effectiveness in practice

CR1 Effectiveness in practice: Jurisdictions should ensure that in practice Reporting Financial Institutions correctly implement the due diligence and reporting procedures, which includes a requirement for jurisdictions to have in place an administra.

CR2 Effectiveness in practice: Jurisdictions should exchange the information effectively in practice, in a timely manner, including by sorting, preparing, validating and transmitting it in accordance with the AEOI Standard.

Assessed jurisdiction's comments on the assessment of effectiveness in practice

India

Israel

Kazakhstan

CR1 Domestic legal framework: Jurisdictions should have a domestic legislative framework in place that requires all Reporting Financial Institutions to conduct the due diligence and reporting procedures in the CRS, and that provides for the effective.

Notes:

Description based on publisher supplied metadata and other sources.

ISBN:

92-64-86381-8

92-64-97696-5

OCLC:

1439598909