Today, at the OECD Headquarters in Paris, H.E. Mr Nodir Ganiev, Ambassador Extraordinary and Plenipotentiary of the Republic of Uzbekistan to the French Republic signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters (the Convention).
With today's signing, Uzbekistan joins the world's leading multilateral framework for international tax co-operation and exchange of information. The Convention will enable Uzbekistan to exchange information with 152 jurisdictions, including all major financial centres, which form a network of more than 9,000 exchange relationships.
Photo credit: (L-R) Ms Fabrizia Lapecorella, Deputy Secretary-General, OECD; H.E. Mr. Nodir GANIEV, Ambassador of the Republic of Uzbekistan to the French Republic, Uzbekistan. View album.
The Convention enables jurisdictions to engage in a wide range of mutual assistance in tax matters: exchange of information on request, spontaneous exchange, automatic exchange, tax examinations abroad, simultaneous tax examinations and assistance in tax collection. It guarantees extensive safeguards for the protection of taxpayers' rights.
The Convention is the primary instrument for swift implementation of the Standard for Automatic Exchange of Financial Account Information in Tax Matters (the Common Reporting Standard or CRS). The CRS, developed by the OECD and G20 countries, enables more than 125 jurisdictions to automatically exchange offshore financial account information.
Beyond the exchange of information on request and the automatic exchange pursuant to the CRS, the Convention is also a powerful tool in the fight against illicit financial flows and is a key instrument for the implementation of the transparency standards of the OECD/G20 Base Erosion and Profit Shifting (BEPS) Project.
- View the 153 jurisdictions participating in the Convention
For further information, please contact the OECD Centre for Tax Policy and Administration: ctp.communications@oecd.org
