The Global Forum on Financial Transparency considers that Brazil complies broadly with international standards but responds late to requests for tax information from international partners.
Brazil was one of the seven countries whose review reports the Global Forum published today to examine whether they respect the rules for the exchange of tax information on demand.
This body, dependent on the Organization for Economic Cooperation and Development (OECD), estimated that Bahrain and Singapore fully comply with the rules when other countries request it, while Austria, Aruba, Brazil, Saint Kitts and Nevis and the Kingdom United do it "mostly".
In the case of Brazil, the authors of the report complained that during the three years of the supervision period, between October 2014 and September 2017, the country "has continued to experience delays in responding to demands".
This has to do "mainly" with staff issues in the tax authority, and that is why they recommend taking measures to ensure that all requests are answered within the deadlines.
On the other hand, Oman was incorporated as a new member of the Global Forum, which has a total of 154 members committed to cooperate against international tax evasion.