RA SRC Chairman attends 8th high-level meeting of OECD Global Forum`s  Asian Initiative  

ArmInfo. Chairman of the State Revenue Committee Eduard Hakobyan is participating in the 8th  High-Level Meeting of the Asia Initiative of the OECD Global Forum on Transparency and Exchange of Information for Tax Purposes, taking place from May 26 to 28 in North Male, Maldives.

As reported by the press service of the SRC, Eduard Hakobyan, as a  representative of one of the co- chairing countries, is co-chairing  the meeting alongside the head of the Maldives Tax Authority.  Hakobyan reiterated the significance of the Asia Initiative's efforts  both for the participating countries and for Armenia.

At the conference, the SRC Chairman presented the key achievements  and strategic priorities outlined in the OECD Global Forum's 2025  "Tax Transparency in Asia" report. He specifically highlighted  Armenia's progress in aligning with OECD standards, noting the  country's preparations for its first exchange of financial account  information under the OECD Common Reporting Standard, scheduled for  autumn 2025.  Hakobyan also emphasized the importance of the  subsequent analytical work and risk assessments that will be carried  out based on the information received.

Established in 2022 under the auspices of the OECD Global Forum, the  Asia Initiative aims to strengthen the implementation of  international standards on transparency and information exchange  across the region.  The OECD Global Forum, which includes 171 member  jurisdictions, among them all G20 countries, and 23 observer  organizations, is the leading international body promoting global  standards for tax transparency and the exchange of information.