Regulatory Alerts2024-08-07
Added · Updated
Automatic Exchange of Financial Account Information in Tax Matters
The Circular Issue Reference (CIR) issued on 07 August 2024 mandates the automatic exchange of financial account information for tax purposes. This directive applies to all authorized institutions and falls under the regulatory scope of Anti-Money Laundering and Counter-Financing of Terrorism in tax matters. The document supersedes previous versions from October 2016 to ensure current compliance with international tax transparency standards.
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