26 April 2019
The OECD has announced that on 25 April 2019, Dominica signed the OECD-Council of Europe Convention on Mutual Administrative Assistance in Tax Matters as amended by the 2010 protocol. The Convention must now be ratified by Dominica and the ratification instrument deposited before entering into force in the country.
In addition to the Convention, Dominica also signed the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information (MCAA), which provides for the exchange of information under the OECD Common Reporting Standard (CRS). Dominica intends to begin the first exchanges under CRS by September 2020.
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