Global Forum on Transparency and Exchange of Information for Tax Purposes : Georgia 2024 (Second Round).

Format:

Book

Author/Creator:

Organisation for Economic Co-operation and Development, author, issuing body.

Language:

English

Subjects (All):

Tax administration and procedure.

Taxation--Law and legislation.

Taxation.

Physical Description:

1 online resource (130 pages)

Edition:

1st ed.

Other Title:

Global Forum on Transparency and Exchange of Information for Tax Purposes

Place of Publication:

Paris : Organization for Economic Cooperation & Development, 2024.

Summary:

This report, published by the OECD, evaluates Georgia's compliance with international standards for the exchange of tax information on request (EOIR). It is part of the Global Forum on Transparency and Exchange of Information for Tax Purposes, which monitors over 160 jurisdictions. The review assesses Georgia's legal and regulatory frameworks, practical implementation, and compliance with 2016 Terms of Reference, focusing on the availability of ownership, accounting, and banking information, as well as mechanisms for accessing and exchanging such information. The second-round peer review incorporates updates to EOIR standards, including beneficial ownership information and the quality of outgoing exchange requests. The report provides recommendations for improvements and assigns ratings ranging from compliant to non-compliant. It also considers evaluations from the Financial Action Task Force (FATF) regarding anti-money laundering and combating terrorist financing, though differences in scope between FATF and EOIR assessments are acknowledged. This publication is intended for policymakers, tax authorities, and legal professionals working in international tax compliance and transparency. Generated by AI.

Contents:

Table of contents

Reader’s guide

Abbreviations and acronyms

Executive summary

Summary of determinations, ratings and recommendations

Overview of Georgia

Part A: Availability of information

A.1. Legal and beneficial ownership and identity information

A.2. Accounting records

A.3. Banking information

Part B: Access to information

B.1. Competent authority’s ability to obtain and provide information

B.2. Notification requirements, rights and safeguards

Part C: Exchange of information

C.1. Exchange of information mechanisms

C.2. Exchange of information mechanisms with all relevant partners

C.3. Confidentiality

C.4. Rights and safeguards of taxpayers and third parties

C.5. Requesting and providing information in an effective manner

Annex 1. List of in-text recommendations

Annex 2. List of Georgia’s EOI mechanisms

Annex 3. Methodology for the review

Annex 4. Georgia’s response to the review report Generated by AI.

Notes:

Description based on publisher supplied metadata and other sources.

Part of the metadata in this record was created by AI, based on the text of the resource.

ISBN:

92-64-63915-2

OCLC:

1460463952