automatic exchange of tax information
Automatic exchange of tax information refers to the process of sharing financial and tax-related information between different countries or jurisdictions, done automatically and on a regular basis. This helps tax authorities access crucial data about residents' income, assets, and investments held abroad, ensuring compliance with tax laws and combating tax evasion.
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Related Concepts (1)
Similar Concepts
- bilateral tax agreements
- cross-border tax evasion
- double tax treaties
- double taxation avoidance agreements
- double taxation treaties
- international cooperation in tax investigations
- international tax cooperation
- negotiation of tax treaties
- tax administration
- tax administration cooperation
- tax automation
- tax harmonization
- tax information exchange agreements
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