27/07/2018 – Antigua and Barbuda today signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters. It is the 125th jurisdiction to join the Convention.
Her Excellency Karen-Mae Hill, High Commissioner of Antigua and Barbuda to the United Kingdom, signed the Convention in the presence of Deputy Secretary-General Masamichi Kono. At the signing ceremony, the High Commissioner said: "Today's signing further evidences Antigua and Barbuda's commitment to making the automatic exchange of financial account information pursuant to the Common Reporting Standard a reality in 2018. Prime Minister Gaston Browne and our technical team remain dedicated to taking a proactive role in fighting all forms of financial crime."
The Convention provides for all forms of administrative assistance in tax matters: exchange of information on request, spontaneous exchange, automatic exchange, tax examinations abroad, simultaneous tax examinations and assistance in tax collection. It guarantees extensive safeguards for the protection of taxpayers' rights.