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: Barbados develops its EOI network

Barbados develops its EOI network

16 Nov 2011

In the last few weeks, Barbados signed its first three Tax Information Exchange Agreements (TIEAs) with Denmark, the Faroe Islands and Greenland. These represent the first agreements of this kind signed by Barbados since the adoption of the 2002 Model Agreement on Exchange of Information on Tax Matters. Barbados also signed two new Double Tax Conventions with the Czech Republic and Iceland, and updated four other treaties by signing amending protocols to its DTCs with Canada, Finland, Norway and Sweden.