(May 19, 2015)

The OECD has announced that on May 14, 2015 the Republic Ghana and the Republic of Seychelles signed the Multilateral Competent Authority Agreement (MCAA), implementing the new Standard for automatic exchange of financial account information in tax matters. Herewith the total number of countries that have signed the MCAA comes to 54.

From the overview of signatories of the MCAA and intended first information exchange date it can be concluded that Seychelles intends to begin exchanging information in 2017. Whereas Ghana intends to begin exchanging information in 2018.

The Multilateral Competent Authority Agreement (MCAA) is a framework administrative agreement to automatically exchange information based on Article 6 of the Multilateral Convention on Mutual Administrative Assistance in Tax Matters.

Click here to be forwarded to the text of the Multilateral Convention on Mutual Administrative Assistance in Tax Matters as available on the website of the OECD.

Click here to be forwarded to overview of signatories of the MCAA and intended first information exchange date as available on the website of the OECD.

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