Depputy head of Armenia`s State Revenue Committee attends the Global  Forum on Transparency and Exchange of Information on Taxation

ArmInfo. On November 25-29, Asuncion (Republic of Paraguay) hosted the annual conference of the Global Forum on Transparency and Exchange of Information on Taxation of the Organization for Economic Cooperation and Development (OECD),  within the framework of which the 7th high-level meeting of the Asian  Initiative was held on November 25. The conference was chaired by  Deputy Chairman of the State Revenue Committee of the Republic of  Armenia Rafael Gevorgyan.

According to the press service of the State Revenue Committee, the  Deputy Chairman emphasized the importance of the work carried out  within the framework of the Asian Initiative for the countries of the  region, in particular for the Republic of Armenia. The meeting was  also marked by the unprecedented participation of observer countries  and the importance of the issues raised.

Rafael Gevorgyan also took part in a panel discussion within the  framework of the annual conference of the OECD Global Forum.  Highlighting the importance of the work done by the Global Forum to  develop and implement a crypto-asset reporting standard, Gevorkyan  noted that the success of the standard's implementation will be  smoother and more effective if all countries adopt it as quickly as  possible.

The next panel discussion was related to the work aimed at increasing  the potential for information exchange, especially within the  framework of regional initiatives. During the discussion, the  representative of the RA emphasized the importance of such a format  of international cooperation, which makes the exchange of information  a more targeted and effective process on the part of the RA Tax  Service, and a number of successes have been recorded in this  direction. 

At the same time, it was emphasized that the creation of an  information exchange system also has an unprecedented effect on  increasing tax discipline in the field of revenue collection in the  world. It should be noted that the Asian Initiative was established  in 2022 under the auspices of the OECD Global Forum on Transparency  and Information Exchange, which includes 171 member countries,  including all G20 countries and 23 observers, and is the leading  international body working to implement international standards for  tax information exchange and transparency worldwide.