The Global Forum conducts peer reviews of its member jurisdictions' ability to co-operate with other tax administrations in accordance with the internationally agreed standard. The standard provides for exchange of information on request where it is foreseeably relevant to the administration and enforcement of the domestic tax laws of the requesting jurisdiction. Effective exchange of information requires that jurisdictions ensure information is available, that it can be obtained by the tax authorities and that there are mechanisms in place allowing for the exchange of that information.
The Global Forum's peer review process examines both:
- the legal and regulatory aspects of exchange (Phase 1)
- and the exchange of information in practice (Phase 2).
Jurisdictions who have not made sufficient progress on Phase 1 will receive a supplementary review before moving to Phase 2 and be rated.
Some Global Forum members are undergoing combined – Phase 1 plus Phase 2 – reviews.
The Exchange of Information Portal tracks the development of these peer reviews, including changes that jurisdictions make in response to the Global Forum's recommendations.
Peer review reports
All review reports are published once approved by the Global Forum and they thus represent agreed Global Forum reports.