11.03.15

OECD re-rates Seychelles as “largely compliant”

Posted in International Organisations, Seychelles offshore jurisdiction at 2:39 pm by Robert Klien

Sixteen peer review reports were released at the recent plenary meeting of the OECD Global Forum on Transparency and Exchange of Information for Tax Purposes on October 29-30, 2015. The release of the reports follows reviews of those territories’ legislation for the exchange of tax information and their frameworks for the exchange of tax information in practice.

Along with Cyprus and Luxembourg, the Seychelles had previously been rated “non-compliant.” Following significant changes to its legal frameworks or practices, the jurisdiction has been assigned a new rating of “largely compliant.”

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