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2017 1568551 1530 (10) 2017 4 1 2016
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AII English stands for Automatic Information Exchange in English. It is a process where countries automatically exchange information about financial accounts held by tax residents of another country.
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Financial institutions are required to file AII English reports to their respective tax authorities.
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AII English reports can be filled out electronically through the designated reporting portal provided by the tax authorities.
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The purpose of AII English is to combat tax evasion and improve tax transparency by providing tax authorities with information about offshore financial accounts held by their residents.
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Information such as account balances, interest income, dividend income, and other financial details must be reported on AII English.
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