Mongolia joins the Global Forum on Transparency and Exchange of Information for Tax Purposes
18/01/2018 - Mongolia joins the international fight against tax avoidance and evasion by becoming the 148th member of the Global Forum on Transparency and Exchange of Information for Tax Purposes.
Mongolia, like all other Global Forum members will participate on an equal footing, and is committed combatting tax evasion through implementing the internationally agreed standards of transparency and exchange of information for tax purposes-both exchange of information on request and automatic exchange of information. Members of the Global Forum include all G20 countries, all OECD members, all international financial centres and a very large number of developing countries.
“The Global Forum is very happy to welcome Mongolia in the fight against tax evasion. All members of the Global Forum as well as the Secretariat are looking forward to work with Mongolia to reach its goals in implementing the international tax standards for exchange of information and in benefiting from the international tax transparency agenda by enhancing its domestic resources with an aim to meeting the sustainable development goals” said Maria-José Garde, Chair of the Global Forum.
The Global Forum is the world’s leading multilateral body mandated to ensure that all jurisdictions adhere to the samehigh standard of international co-operation in tax matters. This is done through a robust monitoring and peer review process which Mongolia will also be subject to. The Global Forum also has an extensive technical assistance programme to provide support to its members to implement the standards and quickly use the tools available to tax administrations to fight cross-border tax evasion.
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