Uk Cbcr Exchange Agreements

The OECD will make public the status of each signatory with regard to the obligation to trade with certain countries, all countries or not. A statement on the Competent Authority Multilateral Agreement on the Exchange of Country Reports (CbC MCAA) of 1 October 2020 has been published in the Official Journal. Activated exchange relationships can be sorted and displayed from both the perspective of a specific posting jurisdiction (“FROM”) and a given receiving jurisdiction (“TO”). For each exchange report, the legal basis and, where applicable, the date of entry into force and/or the date of activation shall be indicated. Country-specific reporting data is exchanged under bilateral agreements concluded by competent authorities (CAAs) on the basis of double taxation conventions, tax information exchange conventions or the Convention on Mutual Assistance in Tax Matters, which allow for an automatic exchange of information. . . .