Advising on the international exchange of tax information

The international exchange of tax information is one of the main tools in the fight of states against tax evasion. Until recently, the exchange of tax information between different countries was carried out only at the reasoned request of one of the countries (for example, on the basis of a court decision). However, now a new era has begun in the world, where the automatic exchange of tax information prevails.

Every year, banks and other financial institutions from more than 110 countries collect information about accounts opened to foreign companies and individuals and transmit it to the tax service of the country in which such persons are located.

If you are the owner of a foreign company or account, it is very likely that your tax service will receive information about this soon. Antwort specialists are always ready to answer any questions related to the international exchange of tax information, including:

1. Should you be afraid of transferring information about your accounts to your tax service?
2. What kind of information will be transmitted
3. Do I need to submit any reports in connection with the exchange of tax information?

If you are just planning to open a foreign company or account, and want to understand how the exchange of tax information will affect you, contact Antwort for advice. We will be able to help you fill out all the documents correctly and give detailed recommendations on your further actions in connection with the exchange of tax information.