Changes to the Cooperation with Other Jurisdictions on Tax Matters Regulations
23 January 2023
The Cooperation with Other Jurisdictions on Tax Matters Regulations (SL 123.127) have been revised by LN 8 of 2023.
The numerous amendments introduced by this measure include the introduction of a definition of “joint audit” and a new provision regulating joint audits; clarification of the notion of “foreseeable relevance” in Regulation 12; as well as provisions addressing automatic exchange of information reported by Platform Operators and penalties imposed on Platform Operators for failure to comply with reporting obligations.