Portugal to organise next edition of OECD
Portugal will organise the 16th edition of the Organization of Economic Co-operation and Development’s Global Forum Plenary for Transparency and Information Exchange for Tax Purposes.
The news was announced by the Ministry of Finances and will be held in November next year.
In a communiqué, Fernando Medina highlights that in the peer-to-peer eight evaluation reports on the request for exchanges of information, “Portugal has improved in all aspects of its evaluation on 2015, with its overall rating increasing from ‘Largely Compliant’ to ‘Compliant’.
The choice of Portugal as the host country for the next edition was taken the OECD’s 15th Global Forum Plenary that ran between 8 and 11 of November in Seville.
At the meeting Portugal was represented by the Secretary of State of Tax Affairs, António Mendonça Mendes, who signed “two multilateral instruments on automatic information exchange regarding income accrued on digital platforms” and relative to reportable structures or opaque offshore structures to do with the CRS (Common Reporting Standard).
These agreements, signed by 28 countries and jurisdictions, aim to ensure a “framework of transparency and cooperation that will enable an automatic exchange of information between countries and jurisdictions” on the level of information collected by the operators of digital platforms, “whether mobility or short term rental platforms”, as well as information collected by intermediaries, namely in respect of “consultants, lawyers or others”.