EXCHANGE OF INFORMATION IN TAX MATTERS AMONG THE STATES

Abstract

The exchange of information in tax matters has an increasing
significance in the contemporary global, economic structure. The most
important instrument for the establishing of the legal framework for
exchange of information is the Multilateral Convention on Mutual
Administrative Assistance in Tax Matters.
The object of this paper is to present briefly the legal and
institutional framework provided by the international organizations in
the field of the exchange of information in tax matters.
The provisions of the Multilateral Convention concern the
exchange upon request, automatic exchange, spontaneous exchange,
simultaneous tax examination and tax examination abroad.
After the Protocol on the Multilateral Convention entered into
force in 2011, the Multilateral Convention on Mutual Administrative
Assistance is opened for signature for all countries in the world.
With the amendments of the Multilateral Convention and the
widened scope of the Global Forum on Transparency and Exchange of
Information, the exchange of information has intensified and
broadened, thus establishing the foundations of the global tax
instrument.