On July 26, 2016 the Global Forum on Transparency and Exchange of Information for Tax Purposes (Hereafter: The Global Forum) published 10 new peer review reports. Countries for which peer reports were published on July 26, 2016 include a.o.: Switzerland, United Arab Emirates, Ukraine and Pakistan.

 

Phase 2 peer review reports were published for:

·   Switzerland (Overall rating Largely Compliant);

·   Albania (Overall rating Largely Compliant);

·   Cameroon (Overall rating Largely Compliant);

·   Gabon (Overall rating Largely Compliant);

·   Pakistan (Overall rating Largely Compliant);

·   Senegal (Overall rating Largely Compliant); and

·   United Arab Emirates (Overall rating Partially Compliant).

 

A Phase 2 supplementary peer review report was published for Saint Lucia. Saint Lucia’s overall rating has been upgraded from “Partially Compliant” to “Largely Compliant”.

 

A Phase 1 peer review report was published for Ukraine. The peer review report assessed the legal and regulatory framework for transparency and exchange of information, which was found sufficient to move Ukraine to the new round of reviews, which will assess its legal framework and practices for exchange of information against the revised Terms of Reference during the second half of 2018.

 

A Phase 2 supplementary peer review report was published for Liberia. This supplementary report assessed improvements made to the legal framework and exchange of tax information mechanisms since the adoption of a Phase 1 Report in 2012. In light of actions undertaken to address the recommendations made in 2012, Liberia is in a position to move to the next round of peer reviews, which is scheduled to commence in the second half of 2018.

 

 

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