Global Daily Tax News, Zimbabwe Ratifies Multilateral Tax Cooperation Pact, (Sep 3, 2026)

Zimbabwe has ratified the Multilateral Convention on Mutual Administrative Assistance in Tax Matters.

The nation signed up to the pact on July 31, 2026, becoming its 151th signatory.

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.