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European Parliament 20142019TEXTS ADOPTEDP8 TA(2015)0369 Mandatory automatic exchange of information in the field of taxation *Committee on Economic and Monetary Affairs PE560.586 European Parliament
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Step 1: Gather all the necessary financial information required for the mandatory automatic exchange of.
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Step 2: Fill out the relevant forms and documents accurately.
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Step 3: Ensure all mandatory fields are completed correctly.
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Step 4: Verify the information provided and cross-check for any errors.
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Step 5: Submit the filled-out forms and documents to the appropriate authorities for review and processing.
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Step 6: Follow up on the status of the exchange and provide any additional information or documentation if required.
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Step 7: Keep a record of the entire process for future reference.

Who needs mandatory automatic exchange of?

01
Individuals or entities who engage in international financial transactions
02
Financial institutions and organizations involved in cross-border investments
03
Government agencies responsible for monitoring and regulating international financial activities
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Tax authorities and administrations aiming to ensure transparency and prevent tax evasion

What is Mandatory automatic exchange of ination in the field of taxation * Form?

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Mandatory automatic exchange of financial account information.
Financial institutions and tax authorities.
By submitting the required information electronically through the designated exchange system.
To prevent tax evasion and ensure compliance with tax laws.
Information on accounts held by foreign tax residents.
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