No or only nominal tax jurisdictions first exchange information on the substance of entities

Published on: 01 April 2021

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Specialist Tax Regulatory Materials

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The OECD has announced that at the end of March 2021, twelve no or only nominal tax jurisdictions (Anguilla, Bahamas, Bahrain, Barbados, Bermuda, British Virgin Islands, Cayman Islands, Guernsey, Isle of Man, Jersey, Turks and Caicos Islands, United Arab Emirates) began their first tax information exchanges under the Forum on Harmful Tax Practice’s (FHTP) global standard on substantial activities.

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

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