Saint Lucia signs agreement on mutual assistance in tax matters

Saint Lucia signs agreement on mutual assistance

The Organisation for Economic Cooperation and Development (OECD) today announced that Saint Lucia has signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, bringing the number of jurisdictions to join the agreement to 107.

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As noted in the OECD release, the convention provides for all forms of administrative assistance in tax matters—exchange of information on request, spontaneous exchange, automatic exchange, tax examinations abroad, simultaneous tax examinations and assistance in tax collection. 

Saint Lucia has already signed the CRS Multilateral Competent Authority Agreement (MCAA) based on Article 6 to put into place the automatic exchange of financial account information.

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