UAE signs MoU with global forum on transparency and exchange of information for tax purposes

The UAE, represented by the Ministry of Finance (MoF), signed on Tuesday a Memorandum of Understanding (MoU) on the application of international standards with the Head of the Secretariat of the Global Forum on Transparency and Exchange of Information for Tax Purposes, at the Ministry?s headquarters in Abu Dhabi.

This was carried out in line with MoF’s membership in the committees of the Global Forum on Transparency and Exchange of Information for Tax Purposes and in efforts to implement the resolutions of the G20 ?The MoU was signed by Majid Ali Omran, Director of International Financial Relations, and Monica Bhatia, the Head of the Secretariat of the Global Forum on Transparency and Exchange of Information for Tax Purposes.

The signing was timed to coincide with the actions taken by the Global Forum in implementing the second phase of its work.

This phase focuses on the importance and effectiveness of transparency and exchange of information practices to ensure the correct application of tax conventions.

via gulfnews : UAE signs MoU with global forum on transparency and exchange of information for tax purposes.

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