Archive for July, 2016

EU signs agreement with IOTA to fight Tax Evasion

Friday, July 29th, 2016

An Agreement for Cooperation has been signed by the Intra-European Organisation of Tax Administrations (IOTA) with the European Commission to allow them to work more effectively towards the common goals of the two bodies – particularly, cracking down on tax evasion.

According to an announcement made by IOTA on July 26, the main areas of collaboration under the agreement include cooperating in the fight against tax fraud, information exchange, providing mutual assistance, supporting tax authorities to improve taxpayer compliance rates, and supporting capacity building.

The agreement between IOTA and the Taxation and Customs Union Directorate General (DG TAXUD) of the European Commission was signed during IOTA’s General Assembly on July 7 in Bucharest by IOTA’s President, Octavian Deaconu, and Caroline Edery, Head of Unit, Tax Administration and Fight Against Tax Fraud, DG TAXUD.

IOTA is a non-profit intergovernmental organization based in Budapest that is aimed at promoting best practices in tax administration and more effective cooperation between its 46 member tax authorities.