Global Forum on Transparency and Exchange of Information for Tax Purposes

Compliance ratings following peer reviews on the effectiveness in practice of automatic exchange of information


The Standard for Automatic Exchange of Financial Account Information in Tax Matters (AEOI) was developed by the OECD in 2014 in response to the G20 request. All Global Forum members were asked to commit to exchange information under AEOI Standard by 2017 or 2018, aside from developing countries that do not host a financial centre, given their capacity constraints and lower risk to the level-playing field. Over 100 jurisdictions have now committed to its implementation and the vast majority have commenced exchanges.

The Global Forum has reviewed each jurisdiction’s domestic and international legal frameworks to ensure their completeness and issued determinations. The initial reviews of the effectiveness of each jurisdiction’s implementation of the AEOI Standard have been published in November 2022.

Peer Review of the Automatic Exchange of Financial Account Information 2022 presents the latest conclusions of the peer reviews of the legal frameworks put in place by each jurisdiction to implement the AEOI standard. The results relate to the more than 100 jurisdictions committed to commence AEOI by 2020. It also contains, for the first time, the results of the Global Forum’s initial peer reviews in relation to the effectiveness in practice of the implementation of the standard for the 99 countries and jurisdictions which had committed to starting AEOI in 2017 or 2018. It shows that virtually all jurisdictions have put in place the necessary legal frameworks and successfully started exchanges, and are exchanging information without significant timing or technical issues.

Two-thirds of the jurisdictions analysed (65) are actively conducting compliance activities to ensure financial institutions are reporting accurate information. These jurisdictions were given “On Track” ratings.

A further 15 jurisdictions are found to have put in place credible compliance frameworks. The need for further implementation actions led these jurisdictions to be rated asPartially Compliant”.

Finally, 19 jurisdictions have been found to have fundamental deficiencies in their frameworks. Exchanges are usually taking place each year, but, as these jurisdictions have not yet completed the development of their operational frameworks to verify financial institutions’ compliance, they were ratedNon-Compliant”.


» Find out more about the criteria used for the determinations on the legal frameworks and ratings


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