23 June 2017
The OECD has announced that Belize, the Cayman Islands, Colombia, Haiti, Pakistan, Singapore, and the Turks and Caicos Islands signed the Multilateral Competent Authority Agreement on the exchange of Country-by-Country (CbC MCAA) reports during the third meeting of the Inclusive Framework on BEPS held 21 to 22 June 2017. As part of the conditions for signing the CbC MCAA, signatories must be a party to (or intend to sign) the OECD Council of Europe Convention on Mutual Administrative Assistance in Tax Matters and have (or commit to introduce) CbC reporting requirements.
Click the following link for the list of the CbC MCAA signatories to date.
Along with the CbC MCAA, Singapore also signed the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information, which provides for the exchange of information under the OECD Common Reporting Standard (CRS MCAA).
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