Australia ratifies multilateral tax cooperation agreement

International Tax Review is part of Legal Benchmarking Limited, 1-2 Paris Garden, London, SE1 8ND

Copyright © Legal Benchmarking Limited and its affiliated companies 2025

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Australia ratifies multilateral tax cooperation agreement

aus.jpg

Australia’s Assistant Treasurer, David Bradbury, has announced that the country has ratified the Convention on Mutual Administrative Assistance in Tax Matters.

“The Convention is designed to promote international cooperation between national revenue authorities to help enforce national tax laws,” said a press release from the Assistant Treasurer.

The Convention allows for the exchange of information and for the mutual assistance in the recovery or pursuit of taxes and related documents.

“Ratifying the Convention underlines the government’s long-standing commitment to international cooperation to help prevent tax avoidance and evasion,” said Bradbury, adding that the Convention will also complement Australia’s existing tax treaty and tax information exchange agreement networks.

The Convention will enter into force for Australia on December 1 2012.

The Convention – developed jointly by the OECD and the Council of Europe – has now been signed by 38 countries. And 21 African countries have also reached consensus on the text of an African Agreement on Mutual Assistance in Tax Matters, indicating broad progress both from the OECD and others in this area of tax cooperation.

more across site & shared bottom lb ros

More from across our site

SKAT, which was represented by Pinsent Masons, had accused Sanjay Shah and other defendants of fraudulent dividend tax refund claims
TP managers must be able to explain technical issues in simple terms, ITR’s European Transfer Pricing Forum heard
Prudential had challenged HMRC over VAT group relief; in other news, Donald Trump unveiled timber and wood tariffs, and the European Commission published a ViDA implementation strategy
Australia’s CbCR rules have ‘widespread support’ and do not put American companies at a competitive disadvantage, the FACT Coalition said
Baker McKenzie advised two of the member firms involved, while several advisers provided transaction counsel to US-based Grant Thornton Advisors
Foreign remittance requirements put additional administrative burden on Indian law firms and strain their relationship with foreign associate firms, according to practitioners
She will formally take over the leadership of the private client firm in July next year, succeeding the veteran Margaret Robertson
Turley will succeed the veteran Grant Wardell-Johnson on Wednesday, October 1
It’s not all doom and gloom for the firm as it seeks to bounce back from the tax leaks controversy, but transparency and trust are still major issues
A tax lawyer accused the firm’s Washington DC head of sexual assault; in other news, e-invoicing will reportedly generate an additional €111 million in VAT revenue
Gift this article