The OECD hosted Global Forum on Transparency and Exchange of Information for Tax Purposes (the Global Forum) provides a multilateral response to tackle offshore tax evasion. It brings together over 160 jurisdictions dedicated to improving transparency and the exchange of information for tax purposes.

The Standard for Automatic Exchange of Financial Account Information in Tax Matters (AEOI Standard), developed by the OECD working with G20 countries, provides a common international framework for the domestic collection and international exchange of information on Financial Accounts for tax purposes.

Driven by the G20’s ambition to advance the global agenda on transparency and the exchange of information for tax purposes, the OECD developed the Standard for Automatic Exchange of Financial Account Information in Tax Matters (AEOI Standard) in 2014. All members of the Global Forum, aside from developing countries that did not host a financial centre, were then asked to commit to automatically exchanging financial information under the AEOI Standard by 2017 or 2018. This section contains details on the status and timeliness of the implementation of the AEOI Standard by all committed jurisdictions.

In addition to monitoring the timeliness of the delivery of each jurisdiction’s commitment to implementing the Standard for Automatic Exchange of Financial Account Information in Tax Matters (AEOI Standard), the Global Forum conducts peer reviews to ensure its implementation is both complete and effective. This chapter provides an overview of the methodology used for the peer reviews. It also includes a summary of the findings from the assessments of the legal frameworks put in place by each jurisdiction to implement the AEOI Standard.