Global Forum assists Oman in their fight against tax evasion
An Induction Programme for Oman to participate in and benefit from the international developments in tax transparency and exchange of information was launched with the visit from the Secretariat of the Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum) on 7-11 April 2019.
Mr. Hakim Hamadi and Mr. Sivasankaran Pattanam Singaram, Tax Policy Advisors, visited Muscat and met with senior officials. The authorities of Oman confirmed their commitment to comply with the international standards of tax transparency.
The induction programme is designed to help new members of the Global Forum ensure a smooth implementation of the international standards and benefit from exchange of information in their fight against tax evasion.
Oman, which joined the Global Forum in October, 2018, will be reviewed against the standard of exchange of information upon request (EOIR) in the next 2-3 years. Oman is also committed to implement the standard on automatic exchange of financial account information (AEOI) by 2020 and will also be reviewed against this standard in the near future. The induction programme will enable Oman to implement the EOIR and AEOI standards and to prepare for its peer reviews.
During the visit, a two-day sensitisation seminar was also held to raise awareness among the government authorities on the international standards of transparency and exchange of information for tax purposes and their implications and opportunities for Oman. This seminar was attended by 15 participants from various Government agencies. This seminar was followed by a two-day workshop on AEOI to help Oman draft its AEOI legal framework.
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