The OECD has announced that Algeria has joined the Global Forum on Transparency and Exchange of Information for Tax Purposes.
Algeria joins Global Forum on Transparency and Exchange of Information for Tax Purposes
01/09/2021 - Algeria joins the international fight against tax evasion by becoming the 163rd member of the Global Forum on Transparency and Exchange of Information for Tax Purposes.
Like all other members, Algeria will participate on an equal footing and is committed to combatting tax evasion through the implementation of the internationally agreed standards of transparency and exchange of information for tax purposes – both exchange of information on request and automatic exchange of information. Members of the Global Forum include all G20 countries, all OECD members, all international financial centres and a large number of developing countries.
"We are delighted to welcome Algeria as the latest Global Forum member," said Maria José Garde, the Chair of the Global Forum. "The regular extension of the Forum's membership highlights the importance placed by the international community on tax transparency and the resolve of governments to come together to fight and prevent tax evasion and avoidance."
The Global Forum is the leading multilateral body mandated to ensure that jurisdictions around the world adhere to and effectively implement both the exchange of information on request standard and the standard of automatic exchange of information. These objectives are achieved through a robust monitoring and peer review process, which Algeria will be subjected to. The Global Forum also runs an extensive capacity-building programme to support its members in implementing the standards and help tax authorities make the best use of cross-border information sharing channels.
As a member of the Global Forum, Algeria will also participate in the Africa Initiative, a programme of work launched in 2014 to support domestic revenue mobilisation and the fight against illicit financial flows in Africa through enhanced tax transparency and exchange of information.