Notification to five non-EU countries pursuant to administrative cooperation agreements

Hlavní informace

Notifications to the five non-EU countries pursuant to administrative cooperation agreements in the field of taxation inform the parties to the agreement on certain aspects of the implementation of automatic exchange of information reported by financial institutions in the respective country.

The notifications include information on non-reporting financial institutions under the relevant regulations in that State, a list of exempted accounts, and also contain a notice of a choice made by the Competent Authority of the Party. These choices relate to, inter alia, the definition of pre-existing accounts, related parties or the use of a standardised industry code system for due diligence purposes.

Týká se vás to pokud

If a person is a financial institution within the meaning of the Act on International Tax Cooperation and has reporting obligations in relation to information to be transmitted to one of the five non-EU countries with which the EU has concluded administrative cooperation agreements.

Doplňující informace

Jaký má služba benefit

Notification to the five non-EU countries allows Parties to the agreements to effectively implement the rules of automatic exchange of information reported by financial institutions. The publication of choices made by the Competent Authority enables reporting financial institutions to comply with their legal obligations under the Act on International Tax Cooperation.

Možnosti odvolání

No appeal