The World Bank Group, the African Development Bank (AfDB) and The Global Forum a leading multilateral body mandated on Transparency and Exchange of Information for Tax Purposes (Global Forum), have jointly published a new version of the Manual on Exchange of Information (EOI) as a way of supporting tax authorities worldwide.
Exchange of information (EOI) which is an essential tool for tax authorities globally would guide to ensure that all taxpayers pay the correct amount of tax.
This new edition covers a broader range of exchange-of-information tools, such as tax examinations allowing two or more jurisdictions to conduct simultaneous audits of person(s) of common or complementary interest, or tax examinations abroad to collect information in a foreign jurisdiction.
The manual can easily be tailored to address a jurisdiction’s specific needs. It also provides checklists and various template letters to deal with the main forms of communications carried out by EOI units.
The leading bodies noted that French, Spanish and Portuguese versions of the manual will be published over the coming months.
The previous edition of the manual, issued in 2013 by the Global Forum and the World Bank Group, was dedicated to exchange of information on request and spontaneous exchange of information.
Click here to download the manual – https://bit.ly/3CpmHo6
Click here to access more resources – https://bit.ly/3EpDtFf
The Global Forum is the leading multilateral body mandated to ensure that jurisdictions around the world adhere to and effectively implement both the standard of transparency and exchange of information.
GF also runs an extensive capacity-building programme to support its members in implementing the standards and help tax authorities make the best use of cross-border information sharing channels.
The African Development Bank Group (AfDB) which is Africa’s premier development finance institution, comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). AfDB contributes to the economic development and the social progress of its 54 regional member states.
Omotayo Araoye
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