Peer Review of the Automatic Exchange of Financial Account Information 2023 Update
The Global Forum on Transparency and Exchange of Information for Tax Purposes (Global
Forum) is a multilateral framework for tax transparency and information sharing, within
which over 160 jurisdictions participate on an equal footing. The Global Forum monitors
and peer reviews the implementation of the international standards of Exchange of
Information on Request (EOIR) and Automatic Exchange of Information (AEOI).
AEOI provides for the automatic exchange of a predefined set of financial account
information between tax authorities on an annual basis to assist them in ensuring
the correct amount of tax is paid. To ensure the AEOI standard is fully effective,
the Global Forum carries out a review of each jurisdiction’s domestic and international
legal frameworks to ensure they are complete, as well as a review of the effectiveness
of their implementation of the standard in practice.
This report presents the latest conclusions of the peer reviews of the legal frameworks
put in place by jurisdictions to implement the AEOI standard. It supplements the assessments
of the legal frameworks and the initial reviews of the effectiveness of their implementation
in practice published in 2022, for around 100 jurisdictions that were the first to
commit to commence AEOI. This report also contains the results of the Global Forum’s
initial peer reviews in relation to the effectiveness in practice of the implementation
of the standard by jurisdictions commencing exchanges in 2019.
Published on November 29, 2023