Global Forum on Transparency and Exchange of Information for Tax Purposes

24/10/2024 – The Global Forum Secretariat conducted a capacity-building mission to Algeria from 13 to 17 October 2024 to help the country prepare for its peer review on transparency and exchange of information on request for tax purposes. The mission, held in Algiers, brought together experts from the Global Forum Secretariat and representatives of various Algerian institutions to review Algeria's progress in implementing the international standard on exchange of information on request. The Secretariat met with representatives from the ministries of Foreign Affairs, Justice and Trade, the Directorate General of Taxes, the National Centre for the Trade Register, the Bank of Algeria, the Banking Commission, the Financial Intelligence Unit, and various professions (notaries, lawyers, chartered accountants, auditors, banks and financial institutions). Discussions focused on legislation concerning the availability of and access to information, and on practices for collecting, managing and exchanging such information.

As a member of the Global Forum and the Africa Initiative since 2021, Algeria is committed to implementing the international standards of tax transparency and cooperating with its international partners to combat tax evasion and other forms of illicit financial flows. An important milestone was reached on 10 October 2024 with the signing of the Convention on Mutual Administrative Assistance in Tax Matters.

Experts from the Global Forum Secretariat provided practical advice and recommendations to improve the availability of and access to information, as well as to strengthen the capacity of the Algerian authorities to exchange information for tax purposes. This mission reflects the Global Forum's ongoing commitment to supporting its members in the effective implementation of tax transparency standards, as well as Algeria's commitment to strengthening its legal and regulatory framework and its practice of exchange of information.

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 standards 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 gftaxcooperation@oecd.org.