Peer Review of the Automatic Exchange of Financial Account Information 2020

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The Global Forum on Transparency and Exchange of Information for Tax Purposes is a multilateral framework for tax transparency and information sharing, within which over 160 jurisdictions participate on an equal footing. The Global Forum monitors and peer reviews the implementation of the international standards of Exchange of Information on Request (EOIR) and Automatic Exchange of Information (AEOI).

AEOI provides for the automatic exchange of a predefined set of financial account information between tax authorities on an annual basis in order to assist them in ensuring the correct amount of tax is paid. To ensure the AEOI standard is fully effective, the Global Forum carries out a review of each jurisdiction’s domestic and international legal frameworks to ensure they are complete, and a review of the effectiveness of the implementation of the standard in practice.

This report presents the conclusions of the peer reviews of the legal frameworks put in place by each jurisdiction to implement the AEOI standard. The results relate to the 100 jurisdictions that committed to commence AEOI from 2017 or 2018. The Global Forum has also begun the reviews of the effectiveness in practice of the implementation of the standard, the results of which are expected to be published in 2022.



Monitoring the implementation of the AEOI Standard

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.


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