IOTA and OECD will intensify cooperation

Ágnes Kővágó's picture
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Mr Miguel Silva Pinto, the Executive Secretary of IOTA and Mr Pascal Saint-Amans, Director of Centre for Tax Policy and Administration of OECD signed a Memorandum of Understanding (MoU) in the margins of the 93rd Session of the OECD Committee on Fiscal Affairs in Paris on 25 January 2017.

IOTA and OECD are seeking to intensify cooperation and identify new opportunities for conducting joint initiatives. Therefore both organisations agreed to renew formal collaboration (the MoU signed on 30 November 2005). This new MoU sets out the conditions for continuing co-operation between IOTA and OECD towards the achievement of the common objective of promoting fair and efficient tax systems and administrations. The cooperation will focus on a number of areas such as:

- working together on automatic exchange of information and the development, implementation and monitoring of the BEPS Project;

- holding joint events and undertaking joint research and projects to foster the dissemination and exchange of experience relating to tax administration;

- developing common approaches towards capacity building of tax officials within Eurasian Tax Administrations;

- facilitating benchmarking and feasibility studies, and the compilation of comparative data on tax administrations in partnership with CIAT and IMF.

The MoU will enter into effect on 1 February 2017 and shall remain in effect until 31 January 2019.