Qatar signs Multilateral Convention on Mutual Administrative Assistance in Tax Matters

On 10 November 2017, Qatar signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters (“Convention”), raising the total number of jurisdictions to 115 (Link). The Convention is one of the most important and powerful instruments in the area of international tax cooperation. It provides for all forms of administrative assistance in tax matters, e.g. exchange of information on request, spontaneous exchange, automatic exchange, etc. Further, the Convention provides for the extensive safeguards concerning the protection of the taxpayers’ rights. As the Convention is the premier instrument for the implementation of the Common Reporting Standard (“CRS”), Qatar is, therefore, closer to become a jurisdiction participating with the CRS (Link).

 

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