Global Forum on Transparency and Exchange of Information for Tax Purposes Peer Reviews: Mauritania 2015 [electronic resource]: Phase 1: Legal and Regulatory Framework /
Organisation for Economic Co-operation and Development.
Organisation for Economic Co-operation and Development,issuing body.
Global Forum on Transparency and Exchange of Information for Tax Purposes,issuing body.
Paris : OECD Publishing,
2015.
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 standards are primarily reflected in the 2002 OECD Model Agreement on Exchange of Information on Tax Matters and its commentary, and in Article 26 of the OECD Model Tax Convention on Income and on Capital and its commentary as updated in 2004, which has been incorporated in the UN Model Tax Convention. The standards provide for international exchange on request of foreseeably relevant information for the administration or enforcement of the domestic tax laws of a requesting party. "Fishing expeditions" are not authorised, but all foreseeably relevant information must be provided, including bank information and information held by fiduciaries, regardless of the existence of a domestic tax interest or the application of a dual criminality standard. All members of the Global Forum, as well as jurisdictions identified by the Global Forum as relevant to its work, are being reviewed. This process is undertaken in two phases. Phase 1 reviews assess the quality of a jurisdiction's legal and regulatory framework for the exchange of information, while Phase 2 reviews look at the practical implementation of that framework. Some Global Forum members are undergoing combined - Phase 1 plus Phase 2 - reviews. The ultimate goal is to help jurisdictions to effectively implement the international standards of transparency and exchange of information for tax purposes.
About the Global Forum 5 Executive Summary 7 Introduction 9 -Information and methodology used for the Peer Review of Mauritania  9 -Overview of Mauritania 10 -General information on the legal and tax system 10 -Overview of the financial sector and the relevant professions 12 -Recent developments 13 Compliance with the Standards 15 A. Availability of Information 15 -Overview 15 -A.1. Ownership and identity information 16 -A.2. Accounting records 43 -A.3. Banking information 49 B. Access to Information 53 -Overview 53 -B.1. Competent authority's ability to obtain and provide information 54 -B.2. Notification requirements and rights and safeguards 62 C. Exchanging Information 65 -Overview 65 -C.1. Exchange of information mechanisms 66 -C.2. Exchanging of information mechanisms with all relevant partners 72 -C.3. Confidentiality 73 -C.4. Rights and safeguards of taxpayers and third parties 76 -C.5. Timeliness of responses to requests for information 77 Summary of Determinations and Factors Underlying Recommendations 79 Annex 1: Jurisdiction's response to the review report 83 Annex 2: Mauritania's exchange of information mechanisms 84 Annex 3: List of all laws, regulations and other material 85
"March 2015 (reflecting the legal and regulatory framework as at December 2014)."
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 standards are primarily reflected in the 2002 OECD Model Agreement on Exchange of Information on Tax Matters and its commentary, and in Article 26 of the OECD Model Tax Convention on Income and on Capital and its commentary as updated in 2004, which has been incorporated in the UN Model Tax Convention. The standards provide for international exchange on request of foreseeably relevant information for the administration or enforcement of the domestic tax laws of a requesting party. "Fishing expeditions" are not authorised, but all foreseeably relevant information must be provided, including bank information and information held by fiduciaries, regardless of the existence of a domestic tax interest or the application of a dual criminality standard. All members of the Global Forum, as well as jurisdictions identified by the Global Forum as relevant to its work, are being reviewed. This process is undertaken in two phases. Phase 1 reviews assess the quality of a jurisdiction's legal and regulatory framework for the exchange of information, while Phase 2 reviews look at the practical implementation of that framework. Some Global Forum members are undergoing combined - Phase 1 plus Phase 2 - reviews. The ultimate goal is to help jurisdictions to effectively implement the international standards of transparency and exchange of information for tax purposes.
Taxation
Taxation
Global forum on transparency and exchange of information for tax purposes peer reviews. Phase 1, Legal and regulatory framework.