As a part of the strategic partnership between IOTA and the EU Commission (DG TAXUD) the joint IOTA - Fiscalis 2020 Programme Workshop on 'Practical Implementation of the Automatic Exchange of Information' was organised in Budapest on 7-9 December 2016. The event brought together nearly 80 Competent Authority and IT-specialists from 36 IOTA member countries, European Commission services and invited guests from the African Tax Administration Forum (ATAF) and the Organisation for Economic Co-operation and Development (OECD) to discuss practical and IT aspects of the automatic exchange of information between the Competent Authorities.
The event provided an opportunity to examine both EU and non-EU experience on the implementation matters of the new standard for the Automatic Exchange of Information (AEoI), with particular focus on organisational and management of national projects;
- detailed specifications as regards gathering, processing, exchange, receipt and use of information exchanged automatically;
- enhancing the identification of reportable persons through TINs;
- matching and using information gained from AEoI;
- ensuring an adequate level of protection and confidentiality of the exchanged information;
- ensuring reliable information regarding the identity of the non-residents & ensuring an adequate level of protection and confidentiality of the exchanged information; and
- work of the Global Forum on Transparency & EoI for tax purposes.
Delegates gained insights from the presentations of representatives of the European Commission, the United Kingdom, the Netherlands (including one presentation related to their Caribbean territories), Azerbaijan, Finland, Norway, Georgia, Italy and the OECD. Participants exchanged experience in efforts and activities that Competent Authorities undertake for implementing the new standard for Automatic Exchange of Financial Account Information. Additionally, delegates became acquainted with the latest activities of the OECD Global Forum on transparency and exchange of information for tax purposes.
The workshop helped participants to identify best practices and also to detect internal shortcomings which in turn contribute to the development of appropriate systems, tools and procedures ensuring an effective use of AEoI.
Further information about the workshop, including all the presentations delivered at the plenary session is available here for IOTA members.