On May 12, 2017 the OECD published a press release announcing that on that same date Lebanon signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters. By doing so, Lebanon became the 111th signatory to the convention. According to the press release on the same day Lebanon deposited its instrument of ratification for the OECD’s Multilateral Convention on Mutual Administrative Assistance in Tax Matters.

The Convention on Mutual Administrative Assistance in Tax Matters provides a comprehensive multilateral framework for the exchange of information and assistance in tax collection. Its coverage includes administrative assistance between tax authorities for information exchange on request, automatic exchange of information, simultaneous tax examinations and assistance in the collection of tax debts.

Based on the overview of Jurisdictions Participating in the Convention on Mutual Administrative Assistance in Tax Matters as available on the website of the OECD, the Convention is expected to enter into force on September 1, 2017 with respect to Lebanon.

Click here to be forwarded to the Chart of Participating Jurisdictions (status as per May 12, 2017) as available on the website of the OECD, which will open in a new window.

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