Global Daily Tax News, Nations Take Stock Of Tax Transparency Advances At Year-End Plenary, (Dec 5, 2025)

The Global Forum on Transparency and Exchange of Information for Tax Purposes held its 18th plenary meeting from December 2-4, 2025, in New Delhi, India.

The three-day event brought together over 400 delegates from more than 120 jurisdictions and 12 international bodies to reflect on the latest collective achievements, discuss emerging challenges, and drive global progress in the fight against offshore tax evasion.

More jurisdictions than ever are exchanging information both on request and automatically. In addition, an increasing number of jurisdictions have committed to begin exchanges under the new Crypto-Asset Reporting Framework (CARF), with most of these aiming to start exchanges from 2027.

At the start of the meeting, the OECD published the Global Forum's 2025 Annual Report, which tracks developments in the area of tax transparency and tax information exchange. It reports:

• 116 jurisdictions have commenced automatic exchange of information (AEOI) on financial accounts, and 13 more are committed to do so by 2028;

• 75 jurisdictions have so far committed to implementing the CARF, with the first AEOI on crypto-assets starting in 2027;

• Information on 171 million financial accounts, covering almost EUR13 trillion in total assets, were automatically exchanged in 2024;

• 139 jurisdictions reported engaging in exchange of information on request (EOIR) in 2024, and requests for information pertaining to at least 32,000 taxpayers were made;

• At least EUR135bn in additional revenues (tax, interest, and penalties) have been identified so far thanks to exchange of information for tax purposes and related measures, such as voluntary disclosure programs and offshore tax investigations. About EUR48bn of this accrued to developing countries.

n total, 129 jurisdictions have been rated in the second round of EOIR peer reviews since 2016 and a further 22 had their legal and regulatory framework reviewed, pending the review of their effectiveness in practice. To date, 88 percent of territories have been rated either "Compliant" or "Largely Compliant".

So far, 108 jurisdictions have undergone the first round of AEOI effectiveness reviews and 68 (63 percent) were deemed to be "On track" with their implementation of the CRS. Substantive improvement was identified as being needed for 19 jurisdictions, which were therefore rated as "Partially Compliant". 21 jurisdictions were found to have fundamental deficiencies in their frameworks and were therefore rated "Non-Compliant".

The second round of effectiveness peer reviews, covering the 99 jurisdictions that had committed to start automatic exchanges by 2017 or 2018, is now underway, with first results expected to be published in 2026.