Global forum membership of OECD given to Maldives

Maldives participates in the Global Forum on Transparency and Exchange of Information for Tax Purposes with the aim of developing the tax system and ensure worldwide participation in tax related matters. Maldives is the 132nd member of the Global Forum.

Global Forum ensures that exchange of information is taken place under a system of high standards of transparency among the members. The Global Forum undertakes the responsibility of helping the member countries in the implementation of the standards under “Automatic Exchange of Information”. As the initial process, the legal frameworks in the Maldives have been reviewed to advice on amendments to be brought about to move forward towards the standards of the Automatic Exchange of Information.

Technical support needed in developing the tax system will be received as Maldives is now a Global Forum Member of OECD.

05 May 16