Global Forum on Transparency and Exchange of Information for Tax Purposes
List of Member States and their position on the AEOI agreement with their intented implementation timelines of the new standard
Exchange of Information on Request (EOIR)
International standard of transparency and exchange of information on request building a network of peer-to-peer data exchange on demand
Automatic Exchange of Information Portal (AEOI)
Annual automatic data exchange on bank account data of tax residents of member states based on Common Reporting Standards.
The largest world tax organisation covering the globe. Special projects to extend the reach to more African and Asian countries with the goal to cover the world.
FIRST DATA EXCHANGE 2017
FIRST DATA EXCHANGE 2018
NO INDICATED TIMELINE
The automatic data exchange information go to all member states for their respective tax residents with bank account and income data of 2016.
|Antigua and Barbuda||Latvia|
|Argentina||Kingdom of Lesotho|
|British Virgin Islands||Morocco|
|Burkina Faso||New Zealand|
|China (People’s Republic of)||Pakistan|
|Cook Islands||Papua New Guinea|
|Dominica||Saint Kitts and Nevis|
|Dominican Republic||Saint Lucia|
|El Salvador||Saint Vincent and the Grenadines|
|Former Yugoslav Republic of Macedonia (FYROM)||Saudi Arabia|
|Hong Kong (China)||Tanzania|
|Hungary||Trinidad and Tobago|
|Indonesia||Turks and Caicos Islands|
|Isle of Man||Ukraine|
|Israel||United Arab Emirates|
Other Countries outside of the global forum also entered the agreement:
The United States intents to start with automatic information exchange from 2015 as part of FATCA and has entered into intergovermental agreements (IGAs) with other jurisdictions for this purpose.
data source: OECD, 11 December 2015, http://www.oecd.org/tax/transparency/about-the-global-forum/members
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The bank secrecy is dead after the adoption of the AEOI standards by the majority of deveoped an developing countries in the world. Get more information what this could mean for you and your business and wealth.