Page 44 - Automatic Exchange News Today : Breaking News, Live Updates & Top Stories | Vimarsana

To print this article, all you need is to be registered or login on Mondaq.com. As known, Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information (the Agreement) was signed on 21.04.2017 after 6 years by 107 countries so far, including Turkey which approved the Agreement on 21.12.2019. According to the Agreement, the signatory countries will share the financial account information of the resident of the relevant country which is collected from the financial institutions every year automatically without any request. Turkish Reve...

SARS is aware of your offshore assets Search Polity Note: Search is limited to the most recent 250 articles. To access earlier articles, click Advanced Search and set an earlier date range. To search for a term containing the '&' symbol, click Advanced Search and use the 'search headings' and/or 'in first paragraph' options. With... Clear Search Sponsored by Sponsored by The days where SARS shuts its eyes to taxpayers’ offshore holdings are thing of the past. SARS is finally utilising the Automatic Exchange of Information regime to pin down taxpayers who have not disclosed their offshore i...

Invested offshore to dodge the taxman? Sars is coming for you 6 January 2021 7:47 PM Share This: 'With the notice we've seen, Sars asks for information regarding tax years from 2015 to 2019' - tax attorney Jean du Toit. One route to avoid taxation has traditionally been to take your money offshore, without disclosure. Now the South African Revenue Service has offshore investors on its radar. Sars is finally ready to utilise the Automatic Exchange of Information to investigate South African tax residents' offshore holdings, says tax attorney Jean du Toit. Some taxpayers have already received n...

International community reaches important milestone in fight against tax evasion Tax   09/12/2020 - New international standards on the automatic exchange of information for tax purposes have so far been satisfactorily implemented by countries worldwide, marking an important milestone in the global fight against tax evasion, according to a new report published today by the Global Forum on Transparency and Exchange of Information for Tax Purposes (the Global Forum). The first Peer Review of the Automatic Exchange of Financial Account Information shows that 88% of jurisdictions engaged in auto...