Maldives Signs Multilateral Agreements on Exchange of Financial Account Information and Exchange of CbC Reports

The Maldives Inland Revenue Authority has issued a release announcing the signing of the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information (CRS-MCAA) and Multilateral Competent Authority Agreement on the exchange of Country-by-Country Reports (CbC-MCAA) on 12 August 2021. The signing of the CRS-MCAA and the CbC-MCAA follows the signing of the Convention on Mutual Administrative Assistance in Tax Matters by the Maldives on 11 August. In applying…