Automatic Exchange of Information agreements (AEOI) is made between countries. These agreements allow the exchange of information between tax authorities of different countries about financial accounts and investments to help stop tax evasion.
Financial institutions, for example, banks, building societies, insurance companies, investment companies, will have to provide information on non-residents with financial accounts and investments in a Country to the Tax Government. A Tax Government will share this information with other relevant countries.
Tax Authorities in a relevant country will receive information from other countries about residents with financial accounts and investments overseas.
There are Automatic Exchange of Information agreements under 4 regimes. Find out more and speak to us.