Peer review reports published recently by the Global Forum on Transparency and Exchange of Information for Tax Purposes (“the Global Forum”) point to ever-increasing compliance with the internationally-recognised standards to curb tax evasion through the exchange of information.

Ten new peer review reports were published. Phase 1 reports were published on Croatia and Tunisia, which assessed their legal and regulatory frameworks for transparency and exchange of information on request. These countries were assessed to have legal frameworks in place to enable them to move to Phase 2 of the review process, which will assess exchange of information practices.

Eight new Phase 2 reviews of exchange of information practices – for Botswana, El Salvador, Georgia, Kenya, Mauritania, Nigeria, Niue and Saudi Arabia – were also published.

The Global Forum has now completed 225 peer reviews and assigned compliance ratings to 94 jurisdictions that have undergone Phase 2 reviews.