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Mutual administrative assistance in tax matters

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Maldives, Papua New Guinea and Rwanda have signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters (the OECD’s treaty for international tax co-operation and exchange of information), bringing the total number of jurisdictions that participate in the Convention to 144.

These signings will trigger 429 new exchange relationships under the Convention for the three signing jurisdictions following their ratification, allowing them to engage in the exchange of information with 143 other jurisdictions, including all major financial centres.

Jordan has also deposited its instrument of ratification of the Convention, meaning that the Convention will apply for Jordan as from 2022.

Separately, Singapore has deposited a notification subsequent to ratification for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (the Multilateral Instrument or MLI).

Issue: 1543
Categories: News