Uzbekistan and OECD discuss international tax data exchange

A delegation of Uzbekistan held negotiations with the Secretariat of the OECD Global Forum on the development of tax information exchange. This was reported by the State Taxation Committee of the Republic of Uzbekistan.

The central theme of the negotiations was the determination of jurisdictions within the framework of the Crypto-Asset Reporting Framework (CARF) and the results of the assessment of Uzbekistan by the CARF profile group. The parties outlined the next steps, including the provision of additional information and contacts with the secretariat.

The meeting participants also considered accelerating the procedures for the practical implementation of the Convention on Mutual Administrative Assistance in Tax Matters (MAC). In addition, the prospects for launching the Common Reporting Standard (CRS) were discussed, which regulates the automatic exchange of data on financial accounts.

During the consultations, the parties touched upon preparatory measures, the sequence of actions and approximate deadlines for launching automatic international exchange mechanisms. At the end of the meeting, the parties agreed to continue cooperation in these areas.