The Global Forum on Transparency and Exchange of Information for Tax Purposes published today nine peer review reports assessing compliance with the international standard on transparency and exchange of information on request.
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Vanuatu's tax-to-GDP ratio was 17.1% in 2017, below the OECD average (34.2%) by 17.1 percentage points, and also below the LAC and Africa (21)* averages (22.8% and 18.2%, respectively).
Today, the OECD published a new set of bilateral exchange relationships established under the Common Reporting Standard Multilateral Competent Authority Agreement (CRS MCAA), bringing the total number of relationships to over 3200, an increase of more than 500 since April of this year.
Vanuatu today signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, making it the 123rd jurisdiction to join the world’s leading instrument for boosting transparency and combating cross-border tax evasion. The Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information (CRS MCAA) was also signed.
The OECD and the Global Forum on Transparency and Exchange of Information for Tax Purposes announced today that Bahrain, Lebanon, Nauru, Panama and Vanuatu have now committed to share financial account information automatically with other countries.
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Agreement between Australia and Vanuatu for the exchange of information relating to tax matters
This page provides an overview of developments which have taken place since June 2000 in OECD's work on tax havens.