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The Exchange of Tax Information Portal is an initiative of the Global Forum on Transparency and Exchange of Information for Tax Purposes. The Global Forum conducts peer reviews of its member jurisdictions' ability to co-operate with other tax administrations in accordance with the internationally agreed standard. The standard provides for exchange of information on request where it is foreseeably relevant to the administration and enforcement of the domestic tax laws of the requesting jurisdiction. Effective exchange of information requires that jurisdictions ensure information is available, that it can be obtained by the tax authorities and that there are mechanisms in place allowing for the exchange of that information. The Global Forum's peer review process examines both the legal and regulatory aspects of exchange (Phase 1 reviews) and the exchange of information in practice (Phase 2). The EOI Portal will track the development of these peer reviews, including changes that jurisdictions make in response to the Global Forum's recommendations.

News: Federated States of Micronesia: Launch of Peer Review – Seco...

Federated States of Micronesia: Launch of Peer Review – Second Round of Exchange of Information on Request (EOIR) Review

4 Jun 2018

The EOIR review will review Micronesia’s legal and regulatory framework for transparency and exchange of information for tax purposes as well as the practical implementation of that framework. Please find attached the core documents underpinning the peer reviews: the 2016 Terms of Reference, the 2016 Methodology, the Assessment Criteria Note and the updated 2016-2020 Schedule of Reviews.

http://eoi-tax.org/jurisdictions/FM#default