Israel signs the Multilateral Convention on Mutual Administrative Assistance in Tax Matters

Did we only yesterday (November 23, 2015) report that the State of Israel increases enforcement ability against tax evaders and that on November 18, 2015 the Israeli Knesset approved a bill to increase the enforcement ability against tax evaders and that the bill promotes the affiliation of Israel to the Multilateral Convention on Mutual Administrative Assistance in Tax Matters. Today (November 24, 2015) the OECD already published a press release announcing that on November 24, 2015 Israel signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters. And that by doing so, Israel became the 91st jurisdiction that has signed the Convention.

The Convention on Mutual Administrative Assistance in Tax Matters provides a comprehensive multilateral framework for the exchange of information and assistance in tax collection. Its coverage includes administrative assistance between tax authorities for information exchange on request, automatic exchange of information, simultaneous tax examinations and assistance in the collection of tax debts.

Click here to be forwarded to the Chart of Participating Jurisdictions (status as per November 24, 2015) as available on the website of the OECD, which will open in a new window.