Implementing the global standard on automatic exchange of information (AEOI)

An officials' issues paper, Implementing the global standard on automatic exchange of information, seeks feedback on proposals for implementing the G20/OECD global standard for automatic exchange of information which will help detect and prevent tax evasion.

Under the new rules financial institutions such as banks, insurance companies, managed entities, certain brokers, custodians and collective investment vehicles would have obligations to review their accounts and report information to Inland Revenue.

Submissions closed on 31 March 2016.