Exchange of information

Members of the Asia Initiative meet in Bali and agree on high-level work plan


02/09/2022 – On 1 and 2 September 2022, 50 participants, among whom a Vice-Minister of Finance and a Deputy Minister of Finance, 12 Tax Commissioners and Deputy Commissioners from 14 members of the Asia Initiative met to discuss the concrete actions needed to meet the political engagement their respective jurisdictions took when signing the Bali Declaration.

Second Asia Initiative Meeting, 1-2 September 2022

Participants agreed on the need for baseline measures, which all members should aim at fulfilling, as well as complementary activities for interested members wanting to engage in enhanced co-operation on specific areas. They also approved the annual publication of an Asia Initiative progress report.

To be successful, members of the Asia Initiative must take concrete actions that match their specific needs and the maturity level of their exchange of information functions. “The approval of the high-level work plan is a milestone towards achieving the objectives of the Bali Declaration and the Global Forum stands ready to help members in this quest,” said Zayda Manatta, Head of the Global Forum Secretariat.

For two days, participants also engaged on a wide range of topics of relevance for the advancement of tax transparency in the region.

“The sharing of experiences and views on the tax transparency agenda contributes to building an invaluable regional dynamic, which is very promising for the future of the Asia Initiative,” according to its Chair, Mr Suryo Utomo.

» Read the Statement of outcomes

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.

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