31/05/2023 - The Global Forum Secretariat has developed a Model Administrative Compliance Strategy in order to assist jurisdictions in developing, improving and implementing their own administrative compliance strategy to ensure the effectiveness of the Standard for Automatic Exchange of Financial Account Information in Tax Matters (AEOI).
To further assist jurisdictions committed to AEOI to implement their compliance strategies, the Global Forum Secretariat launched today the Methodology for implementation of the risk-based approach to administrative compliance and risk matrices, that jurisdictions can use to develop or improve their own risk assessment approach. The event was attended by 181 delegates from 59 jurisdictions. The assessment tool and its user guide are available on demand to all interested jurisdictions in English. French and Spanish versions will follow shortly.
As part of its Strategy to unleash the potential of AEOI for developing countries, the Global Forum Secretariat is developing toolkits and e-learning courses to facilitate the implementation of the AEOI standard. The Model Strategy, the CRS Notification Tracking tool, and the Methodology for implementation of the risk-based approach launched this year complement the Toolkit for the Implementation of the Standard for Automatic Exchange of Financial Account Information, which was released in 2021.
The Global Forum is the leading multilateral body mandated to ensure that jurisdictions around the world adhere to and effectively implement both the exchange of information on request standard and the standard of automatic exchange of information. These objectives are achieved through a robust monitoring and peer review process. The Global Forum also runs an extensive capacity-building programme to support its members in implementing the standards and help tax authorities make the best use of cross-border information sharing channels.
The Global Forum capacity-building programme is supported by the following development partners:
For more information, please contact [email protected].