El Salvador has signed OECD’s Multilateral Convention on Mutual Administrative Assistance in Tax Matters, in a bid to dodge offshore tax evasion.

The convention, developed by the Council of Europe and the OECD, aims to boost international co-operation among tax authorities to enhance their ability to clamp down on tax evaders.

It offers all possible forms of administrative support between states in the assessment and collection of taxes.

This includes automatic exchange of information, simultaneous tax examinations as well as international assistance in the collection of tax debts.

El Salvador is the 86th nation, the eighth Latin American country and the third member of the Central American Common Market to sign the convention.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Till date, over 60 countries have signed the convention, which includes G20 nations such as the UK, Germany and Iceland, all BRICs, and about all OECD countries.