Global Forum launches an Induction Programme for Madagascar for implementation of the international tax transparency standards
03/05/2018 - An Induction Programme for Madagascar to participate in and benefit from the international advances in tax transparency and exchange of information was launched with the visit of a team from the Secretariat of the Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum) on 23-25 April 2018.
Mr. Dónal Godfrey, Deputy Head of Secretariat and Mr. Hakim Hamadi, Tax Policy Analyst visited Antananarivo and met with senior leaders and officials including the Minister of Finance, H.E. Vonintsalama Sehenosoa Andriambololona, the Minister of Justice, H.E. Rasolo Elise Alexandrine and the First Vice-Governor of the Central Bank. The authorities of Madagascar confirmed their commitment to the international standards and their determination to ensure a rapid implementation of these standards in their country.
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 domestic revenue mobilisation efforts.
Madagascar which joined the Global Forum in September, 2017, will be reviewed against the standard of exchange of information upon request (EOIR) in 2021. The induction programme will enable Madagascar to prepare its EOIR peer review and also take steps toward the implementation of the automatic exchange of information standard. Madagascar will also receive assistance to join the Convention on Mutual Administrative Assistance in Tax Matters and to train its auditors in the utilisation of exchange of information during tax audits.
During the visit a two-day sensitisation seminar was also held to raise awareness of 35 participants from various Government agencies and the private sector on the international standards of transparency and exchange of information for tax purposes and their implications and opportunities for Madagascar in the fight against tax evasion.
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