Peer Reviews : Phase 2.

Description

This report contains the 2014 ""Phase 2: Implementation of the Standards in Practice"" Global Forum review of Andorra. 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 over 120 jurisdictions which participate in the work of the Global Forum on an equal footing. The Global Forum is charged with in-depth monitoring and peer review of the implementation of the standards of transparency and exchange of information for tax purposes. These standar.  Read more... Table of Contents About the Global Forum Executive Summary Introduction Information and methodology used for the peer review of Andorra Overview of Andorra 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 Information Overview C.1. Exchange of information mechanisms. C.2. Exchange-of-information mechanisms with all relevant partnersC. 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 laws, regulations and other relevant material Annex 4: People interviewed during the on-site visit.