Global Daily Tax News, Multilateral Tax Convention Effective For Fiji, (May 5, 2026)

On May 1, 2026, the Convention on Mutual Administrative Assistance in Tax Matters became effective for Fiji.

Jointly developed by the OECD and the Council of Europe, the MAAC provides for international cooperation been jurisdictions in tax matters through a wide range of mutual assistance: exchange of information on request, spontaneous exchange, automatic exchange, tax examinations abroad, simultaneous tax examinations, and assistance in tax collection.

The Convention is the primary instrument for swift implementation of the Standard for Automatic Exchange of Financial Account Information in Tax Matters (the Common Reporting Standard, or CRS), and facilitates the exchange of country-by-country reports.