Global Forum On Transparency And Exchange Of Information For Tax Purposes Peer Reviews Lithuania 2015 Phase 2 Implementation Of The Standard In Pra

Author : Oecd
Publisher :
ISBN 13 : 9789264237322
Total Pages : 130 pages
Book Rating : 4.2/5 (373 download)

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Download or read book Global Forum on Transparency and Exchange of Information for Tax Purposes Peer Reviews: Lithuania 2015: Phase 2: Implementation of the Standard in Pra written by Oecd and published by . This book was released on 2015-08-03 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report contains the 2014 Phase 2: Implementation of the Standards in Practice” Global Forum review of Lithuania. The Global Forum on Transparency and Exchange of Information for Tax Purposes is the multilateral framework within which work in the area of tax transparency and exchange of information is carried out by over 120 jurisdictions which participate in the work of the Global Forum on an equal footing. The Global Forum is charged with in-depth monitoring and peer review of the implementation of the standards of transparency and exchange of information for tax purposes. These standards are primarily reflected in the 2002 OECD Model Agreement on Exchange of Information on Tax Matters and its commentary, and in Article 26 of the OECD Model Tax Convention on Income and on Capital and its commentary as updated in 2004, which has been incorporated in the UN Model Tax Convention. The standards provide for international exchange on request of foreseeably relevant information for the administration or enforcement of the domestic tax laws of a requesting party. Fishing expeditions are not authorised, but all foreseeably relevant information must be provided, including bank information and information held by fiduciaries, regardless of the existence of a domestic tax interest or the application of a dual criminality standard.