In April 2017, the UAE formally committed to the CRS (Common
Reporting Standard) elaborated within the OECD. The
implementation of the international standards will allow
the automatic exchange of
information between the inland revenues of the
contracting countries from September 2018 with regard to the
financial activities and asset investments
possessed abroad by Italian fiscal residents,
starting from the fiscal year 2017.
To learn more about: concerned subjects, control criteria, and
procedure of the Voluntary Disclosure...
With respect to international relations between countries and
capital and information flows, bilateral treaties and
countries' commitment to international cooperation treaties
have a fundamental role; they are essential to decrease tax
avoidance or profit shifting to countries with low taxation.
