Panama signs agreement, exchange of tax information | KPMG | GLOBAL
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OECD: Panama signs agreement for automatic exchange of tax information

Panama signs agreement, exchange of tax information

The Organisation for Economic Cooperation and Development (OECD) today announced that Panama has signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters.


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According to the OECD release, Panama is the 105th jurisdiction to agree to the convention that provides for all forms of administrative assistance in tax matters: exchange of information on request, spontaneous exchange, tax examinations abroad, simultaneous tax examinations and assistance in tax collection. The convention is intended to allow for implementation of automatic exchange of country-by-country reports under the OECD/G20 base erosion and profit shifting (BEPS) project.

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