Global Forum on Transparency and Exchange of Information for Tax Purposes : Phase 2.

Description

This report contains the ""Phase 2: Implementation of the Standard in Practice"" review for San Marino, as well as a revised version of the ""Phase 1: Legal and Regulatory Framework review"" already released for this jurisdiction. The Global Forum on Transparency and Exchange of Information for Tax Purposes is the multilateral framework within which work in the area of tax transparency and exchange of information is carried out by 120 jurisdictions, which participate in the Global Forum on an equal footing. The Global Forum is charged with in-depth monitoring and peer review of the implementat.  Read more... Table of Contents About the Global Forum Executive Summary Introduction Information and methodology used for the peer review of San Marino Overview of San Marino General information on legal system and the taxation system Recent developments Compliance with the Standards A. Availability of Information Overview A.1. Ownership and identity information A.2. Accounting records A.3. Banking information B. Access to Information Overview B.1. Competent Authority's ability to obtain and provide information B.2. Notification requirements and rights and safeguards. C. Exchanging InformationOverview C.1. Exchange-of-information mechanisms C.2. Exchange-of-information mechanisms with all relevant partners C.3. Confidentiality C.4. Rights and safeguards of taxpayers and third parties C.5. Timeliness of responses to requests for information Summary of Determinations and Factors Underlying Recommendations Annex 1: Jurisdiction's Response to the Review Report Annex 2: List of All Exchange-Of-Information Mechanisms Annex 3: List of All Laws, Regulations and Other Material Received Annex 4: Persons Interviewed During the Onsite Visit.