United Arab Emirates becomes 109th signatory to the OECD Multilateral Convention on Mutual Administrative Assistance in Tax Matters

The United Arab Emirates signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters in Paris on 21 April 2017. The Convention provides for all forms of administrative assistance in tax matters: exchange of information on request, spontaneous exchange, automatic exchange, tax examinations abroad, simultaneous tax examinations and assistance in tax collection. It guarantees extensive safeguards for the protection of taxpayers’ rights.

Ref:

  • CFE’s Tax Top 5, 2 May 2017

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