From 27 May to 6 June 2019, the Organization for Economic Cooperation and Development’s (“OECD”) Global Forum on Transparency and Exchange of Information for Tax Purposes met with Kenya tax officials for a workshop on the Common Reporting Standard (“CRS”) and the use of exchange of tax information as a key tool to fight cross-border tax evasion (Link). The meeting was aimed at assessing the implementation of the EOIR standard by Kenya on both the legal framework and the practice.
From 4 to 6 June 2019, the Secretariat of the Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum) was in Yerevan, to help Armenia to implement and benefit from the international standards on exchange of information upon request (“EOIR”). The visit was designed to assist Armenia to put in place a smooth implementation of the international standards and benefit from exchange of information in their domestic revenue mobilization efforts.
Armenia will be reviewed against the standard of exchange of information upon request (EOIR) in 2020 and the assistance provided will enable Armenia to prepare its EOIR peer review and also take steps towards the implementation of the automatic exchange of information standard. Armenia will also receive assistance to train its auditors in the utilization of exchange of information during tax audits.