Foreword

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 Global Forum promotes and ensures the effective implementation of two complementary international standards: the exchange of information on request (EOIR) and the automatic exchange of financial account information (AEOI), both of which provide for closer co-operation between tax authorities worldwide so that they can obtain information necessary to ensure tax compliance.

The OECD developed the Standard for Automatic Exchange of Financial Account Information in Tax Matters (AEOI Standard) in 2014, working with G20 countries. It provides for the annual exchange of a predefined set of information on financial accounts held by individuals and entities resident in a foreign jurisdiction, between tax authorities. The Global Forum has been supporting, monitoring and reviewing the implementation of the AEOI Standard since its inception. It has published detailed yearly reports on the implementation of the AEOI Standard by all participating jurisdictions since exchanges commenced in 2017.

This report builds on the peer review reports published in 2020 and 2021 to present updated results of the peer reviews conducted by the Global Forum with respect to the domestic and international legal frameworks put in place by the first 106 jurisdictions to implement the AEOI Standard. It also includes, for the first time, the results of the initial reviews in relation to the effectiveness of the implementation of the AEOI Standard in practice.

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Disclaimers

This report was approved by the AEOI Peer Review Group on 7 September 2022 and adopted by the AEOI Peers on 30 September 2022. It was prepared for publication by the Secretariat of the Global Forum on Transparency and Exchange of Information for Tax Purposes.

This document, as well as any data and map included herein, are without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area.

The statistical data for Israel are supplied by and under the responsibility of the relevant Israeli authorities. The use of such data by the OECD is without prejudice to the status of the Golan Heights, East Jerusalem and Israeli settlements in the West Bank under the terms of international law.

Note by the Republic of Türkiye
The information in this document with reference to “Cyprus” relates to the southern part of the Island. There is no single authority representing both Turkish and Greek Cypriot people on the Island. Türkiye recognises the Turkish Republic of Northern Cyprus (TRNC). Until a lasting and equitable solution is found within the context of the United Nations, Türkiye shall preserve its position concerning the “Cyprus issue”.

Note by all the European Union Member States of the OECD and the European Union
The Republic of Cyprus is recognised by all members of the United Nations with the exception of Türkiye. The information in this document relates to the area under the effective control of the Government of the Republic of Cyprus.

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