Greenland is 78th signatory of Multilateral Competent Authority Agreement

Greenland signed the Multilateral Competent Authority Agreement‎, on December 17, becoming the pact’s 78th signatory, the OECD has announced.

Signing the agreement will assist Greenland in implementing automatic exchange of financial account information by 2017. The OECD noted that financial information on nonresidents will be collected in about 50 jurisdictions beginning January 1, for automatic exchange between tax authorities commencing 2017.

See:

• Release