Today, the OECD published a new set of bilateral exchange relationships established under the Common Reporting Standard Multilateral Competent Authority Agreement (CRS MCAA), bringing the total number of relationships to over 3200, an increase of more than 500 since April of this year.
Bahrain has become the 115th jurisdiction to join the Inclusive Framework on BEPS (“IF”). The IF was established in January 2016, after the G20 Leaders urged the timely implementation of the BEPS package released in October 2015 and called on the OECD to develop a more inclusive framework with the involvement of interested non-G20 countries and jurisdictions, including developing economies.
Today, at the OECD Headquarters in Paris, H.E. Sheikh Ahmed bin Mohammed Al Khalifa, Minister of Finance of Bahrain signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters and the CRS Multilateral Competent Authority Agreement (CRS MCAA).
L’OCDE et le Forum mondial sur la transparence et l’échange de renseignements à des fins fiscales annoncent aujourd’hui même que Bahreïn, le Liban, Nauru, le Panama et Vanuatu viennent de prendre l’engagement d’échanger automatiquement avec les autres pays adhérant à la norme des renseignements relatifs aux comptes financiers.
Furthering efforts to fight against international tax evasion and bank secrecy, members of the Global Forum on Transparency and Exchange of Information for Tax Purposes have issued 12 new peer review reports.
The Kingdom of Bahrain has recently signed double taxation conventions with Bulgaria (26 June 2009) and Austria (2 July 2009) that provide for exchange of information in accordance with the OECD standard. These agreements bring to 12 the number of agreements that Bahrain has signed that meet the OECD standard. As a result, Bahrain can be considered as having substantially implemented the internationally agreed standard in this area.
Les 38 juridictions ayant pris des engagements à améliorer la transparence et à mettre en place des échanges effectifs de renseignements en matière fiscale.
A protocol to the existing Bahrain-France Convention for the Avoidance of Double Taxation was signed today in Paris.