The Convention on Mutual Assistance in Tax Matters (“Convention”) was jointly drawn up by the OECD and the Council of Europe in 1988 and amended by the Protocol in 2010. The Convention is the most comprehensive multilateral instrument available for all forms of tax cooperation to combat tax evasion and evasion. The aim of this agreement is to promote international cooperation in tax matters through the exchange of information. It was developed by the OECD Global Forum Working Group on Effective Information Exchange. The Global Forum helps its members combat tax evasion at sea on vigilance by verifying and assisting legal systems to implement international standards for transparency and information exchange for tax purposes. The exchange of information aims to achieve global tax cooperation through the implementation of international tax standards and other instruments aimed at ending bank secrecy and combating tax evasion. Learn more about our work. Since more than 100 legal systems have committed to exchange information within the IRS, exchanges between legal systems are generally based on the multilateral convention on mutual tax assistance (convention), in which more than 100 jurisdictions participate, and the Multilateral Competent Authority`s (CRS MCAA) IRS Convention (CRS MCAA), which is based on Article 6. Legal systems can be based on a bilateral agreement, such as a double taxation agreement or an agreement on the exchange of tax information. In addition, some IRS exchanges will be organised on the basis of the relevant EU directive, agreements between the EU and third countries and bilateral agreements such as the agreements between the UK and the CDOT. The Global Forum`s main mission is to monitor the implementation of international standards for transparency and exchange of information for tax purposes and to verify the effectiveness of their implementation in practice.
To this end, the Global Forum implements peer-review processes for each of its members and non-members that are relevant to its work. The aim is to ensure that standards are implemented properly and on a level playing field. A tieA request for information model has been developed to assist the relevant authorities of TIEA partners in requesting information. It is available in English and French as well as in Spanish, German, Italian, Japanese, Korean and Turkish. Since 2009, the G20 has repeatedly called on countries to sign the convention, including at the 2018 G20 summit in Buenos Aires, where the communiquÃ© said: “All countries should sign and ratify the multilateral convention on mutual tax assistance.” The Convention facilitates international cooperation in favour of better functioning of national tax legislation, while respecting the fundamental rights of taxpayers.