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MOS (Finance) Shri Jayant Sinha to inaugurate 6TH Meeting of the Group on Automatic Exchange of Information (AEOI) of the Global Forum on Transparency and Exchange of Information for Tax Purposes tomorrow;

Dated:- 2-12-2015 - Focus among others would be on the process of monitoring and implementation of the Common Reporting Standards (CRS) on AEOI including the process of staged implementation of the standards The Sixth (6TH) Meeting of the Group on Automatic Exchange of Information (AEOI) Group of the Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum) will be held here in the national capital on 3rd and 4th December, 2015. The meeting will be inaugurated by t .....

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ged implementation of the standards. One of the key areas on which specific reviews will be carried-out relate to confidentiality and data safeguards to be completed by 2016 for all the jurisdictions which have committed to the new standards. This specific review was found necessary since the consensus view was that AEOI requires large volume of data being exchanged at once. The consequences of a breach of confidentiality are more serious and thus the supplying country must have a sufficient lev .....

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