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08/05/2023 – Experts from the Global Forum Secretariat are helping Colombian tax officials prepare for the upcoming second-round peer review aimed at assessing the country’s compliance with the international standard of transparency and exchange of information on request (EOIR).
From 2 to 5 May 2023, the Global Forum Secretariat carried out a mock on-site visit in Bogota, Colombia, to discuss the progress achieved and remaining challenges, and to prepare stakeholders for the upcoming second-round peer review process.
Various meetings with government representatives were organised, including with the Tax Administration, the Supervisor of Entities, the Commercial Register, the Anti-Money-Laundering Unit, the Chamber of notaries, and representatives of the private sector.
The upcoming peer review, scheduled to be launched in the third quarter of 2023, is based on strengthened terms of reference that include the availability of and access to beneficial ownership information. Colombia was rated Compliant against the EOIR standard in the first-round review published in 2015.
The Global Forum is the leading multilateral body mandated to ensure that jurisdictions around the world adhere to and effectively implement both the exchange of information on request standard and the standard of automatic exchange of information. These objectives are achieved through a robust monitoring and peer review process. The Global Forum also runs an extensive capacity-building programme to support its members in implementing the standards and help tax authorities make the best use of cross-border information sharing channels.
This capacity-building programme is supported by the following development partners:
For more information, please contact gftaxcooperation@oecd.org.
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