The Exchange of Tax Information Portal is an initiative of the Global Forum on Transparency and Exchange of Information for Tax Purposes. The Global Forum conducts peer reviews of its member jurisdictions' ability to co-operate with other tax administrations in accordance with the internationally agreed standard. The standard provides for exchange of information on request where it is foreseeably relevant to the administration and enforcement of the domestic tax laws of the requesting jurisdiction. Effective exchange of information requires that jurisdictions ensure information is available, that it can be obtained by the tax authorities and that there are mechanisms in place allowing for the exchange of that information. The Global Forum's peer review process examines both the legal and regulatory aspects of exchange (Phase 1 reviews) and the exchange of information in practice (Phase 2). The EOI Portal will track the development of these peer reviews, including changes that jurisdictions make in response to the Global Forum's recommendations.

News: Liberia expands its network for international EOI

Liberia expands its network for international EOI

1 Mar 2011

The Republic of Liberia has signed an agreement allowing for exchange of tax information with Ghana on Friday, 24 February 2011. Liberia had previously signed 11 such agreements – including agreements with the Nordic economies, France, the Netherlands, the United Kingdom and Portugal. Liberia’s signing with Ghana brings their total to 12 agreements that meet the internationally agreed tax standard. Liberia has been participating in the OECD’s multilateral TIEA negotiation program since early in 2010, and has also actively pursued its own schedule of negotiations. Liberia’s signing with Ghana is an important step towards bringing greater co-operation on the African continent. Liberia has also concluded negotiations for agreements with a number of other partners that it hopes to sign shortly.