Automatic exchange of information on financial accounts Serviciul Fiscal de Stat

The Global Forum on Transparency and Exchange of Information for Tax Purposes is the main international body working to implement global transparency and information exchange standards around the world. The Global Forum provides a multilateral response to combating off-shore tax evasion. It brings together more than 160 jurisdictions dedicated to improving transparency and information sharing for tax purposes. It does this by promoting and ensuring the effective implementation of two complementary international standards, both of which provide for closer cooperation between tax authorities around the world so that they can obtain the information they need to ensure tax compliance, such as cross-border investments.

The first agreed and implemented standard provides for the international exchange of information on request (EOIR), where a tax authority may request certain information to progress a tax investigation.

The second provides for the automatic international exchange of information (AEOI), where a predefined set of information on financial accounts held by non-residents is automatically exchanged each year. This exchange is based on ensuring that information is kept confidential and properly protected, and jurisdictions have special requirements to ensure this.

OECD Standard for Automatic Exchange of Financial Account Information for Tax Matters

OECD Standard for Automatic Exchange of Financial Account Information for Tax Matters: Implementation Handbook

Law no. 45 of March 10, 2022 on ratification of the Multilateral Agreement of the Competent Authorities for the Automatic Exchange of Information on Financial Accounts

Law No. 69 of March 31, 2023 on implementation of the provisions of the Multilateral Agreement of Competent Authorities for the automatic exchange of information on financial accounts

- Regulation on the automatic exchange of information on financial accounts

- Lista jurisdicțiilor participante la schimbul automat de informații privind conturile financiare, conform Anexei nr. 1 la Ordinul nr. 103 din 06.11.2023

- Lista jurisdicțiilor care fac obiectul raportării în cadrul schimbului automat de informații privind conturile financiare, conform Anexei nr. 2 la Ordinul nr. 103 din 06.11.2023

- The structure of the tax identification number assigned by jurisdictions participating in the automatic exchange of information on financial accounts

- Rules regarding the establishment of the tax residence of the person by the jurisdictions participating in the automatic exchange of information on financial accounts

- Ghidul privind aplicarea normelor de raportare și de precauție în conformitate cu Standardul Comun de Raportare

- Guide regarding the implementation of the Common Reporting Standard for reporting institutions

- XML schema (OECD)