The Global Forum conducts peer reviews of its member jurisdictions' ability to co-operate with other tax administrations in accordance with the internationally agreed standard. The standard provides for exchange of information on request where it is foreseeably relevant to the administration and enforcement of the domestic tax laws of the requesting jurisdiction. Effective exchange of information requires that jurisdictions ensure information is available, that it can be obtained by the tax authorities and that there are mechanisms in place allowing for the exchange of that information.


 The Global Forum started a first round of reviews in 2010, which ended in 2016. A second round of review was launched in 2016, with the first reports published in 2017, according to revised Terms of reference and Methodology. 


In Round 1, in accordance with the peer review Methodology, reviews took place in two phases: Phase 1 reviews examined the legal and regulatory framework; Phase 2 reviews looked into the implementation of this framework in practice. Certain jurisdictions underwent combined reviews, which evaluated together the Phase 1 and Phase 2 aspects. After completion of both Phases of the review process, each jurisdiction receives an overall rating. Jurisdictions who had not made sufficient progress on Phase 1 received a supplementary review before moving to Phase 2 and be rated. Some jurisdictions also received a supplementary review after their Phase 2 review, to have their progress acknowledged into revised ratings. Jurisdictions that joined the Global Forum from 2014 will be reviewed according to revised Terms of reference and Methodology during the second Round. 


Following calls in April 2016 by the G20 Finance leaders to establish objective criteria and a list of jurisdictions which have not made satisfactory progress in implementing the international tax transparency standards, a special Fast-Track review procedure was approved at the 2016 Georgia plenary meeting. This procedure was implemented during April-June 2017. Several jurisdictions were able to demonstrate progress in implementing the EOIR standard through this procedure which resulted in a provisional upgrade to their ratings. More information on the Fast Track procedure and its outcomes can be found here: Fast-Track procedure


In the second round, all reviews are carried out in a combined manner in accordance with the revised peer review Methodology. The Terms of Reference have also been strengthened to take into account new developments in relations to beneficial ownership, cover received and sent requests for information, and to clarify a few points. All members of the Global Forum, as well as jurisdictions identified by the Global Forum as relevant to its work, are reviewed in the order established by the Schedule of Reviews.


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Tracking progress

The Exchange of Information Portal tracks the development of these peer reviews, including changes that jurisdictions make in response to the Global Forum's recommendations.

=> Visit the Exchange of Information Portal 


Peer review reports

All review reports are published once approved by the Global Forum and they thus represent agreed Global Forum reports.

=> Read the reports