OECD: Lebanon signs CRS | KPMG | GLOBAL
Share with your friends

OECD: Lebanon signs CRS, mutual assistance in tax matters agreements

OECD: Lebanon signs CRS

The Organisation for Economic Cooperation and Development (OECD) today announced that representatives of the government of Lebanon signed the common reporting standard (CRS) multilateral competent authority agreement‎ (CRS MCAA), thereby re-confirming Lebanon’s commitment to implementing the automatic exchange of financial account information pursuant to the OECD/G20 CRS in time to commence exchanges in 2018. Lebanon is the 89th jurisdiction to sign the CRS MCAA.


Related content

Lebanon also signed the multilateral convention on mutual administrative assistance in tax matters, bringing the number of jurisdictions to join the agreement to 111. 

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.

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Request for proposal