01/03/2013 - Albania has signed the Convention on Mutual Administrative Assistance in Tax Matters, a multilateral agreement developed jointly by the Council of Europe and the OECD. Albania is the 43rd country to sign the Multilateral Convention since it was updated to meet the international standard on transparency and exchange of information and opened for signature to all countries in June 2011.
Mr. Tamaki, OECD Deputy Secretary-General, said “Albania’s signing of the Convention demonstrates Albania’s ongoing and strong commitment to advancing the international tax agenda. We hope that Albania’s example will encourage other countries in the region to also join in these important areas of international cooperation.”
The Multilateral Convention is the most comprehensive multilateral instrument available for international tax co-operation and exchange of information. It provides governments with a valuable tool in the fight against offshore tax evasion and ensures compliance with national tax laws, while respecting the rights of taxpayers. It provides a multilateral basis for a wide variety of administrative assistance, including information exchange on request, automatic exchange of information, simultaneous tax examinations and assistance in the collection of tax debts.
For more information, please contact Pascal Saint-Amans, Director of the OECD’s Centre for Tax Policy and Administration (CTPA) at + 33 6 26 30 49 23.
>> More on the Convention on Mutual Administrative Assistance in Tax Matters