Today, the German tax office can access high-quality data on foreign accounts and systematically evaluate this data. The Federal Central Tax Office is currently evaluating 1.1 million messages from this data exchange.
We are currently experiencing the effects of implementing this data exchange.
After the first measures of data exchange on financial matters between European and non-European countries have already taken place in the past,
To the topic data exchange (with Turkey) the Bavarian broadcast reports on the topic “tax evasion: Turkey also reports soon account data” on B5 aktuell, as well as the BR24 App.
The contribution is based on an interview on the current situation with Dr. Christopher Arendt, specialist lawyer for tax law of ACCONSIS in Munich.
In the middle of this year, the Federal Ministry of Finance declared that the Automatic Exchange of Information (AIA) will be expanded to include new countries from autumn 2020. The focus will be on data exchange with Turkey.
We have therefore asked Dr. Christopher Arendt, attorney, tax law specialist and managing director of ACCONSIS in Munich,