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CONFIDENTIALAUGUST 2020List of Nigeria Intended Exchange Partners Under the DEVICES NOTICE The Federal Inland Revenue Service (FIRS) hereby notifies all reportable Financial Institutions that its
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01
Obtain the necessary forms and documents from the relevant tax authority.
02
Fill out the forms with accurate and up-to-date information regarding your financial accounts.
03
Provide any supporting documentation as required by the tax authority, such as bank statements or investment reports.
04
Double-check all the information filled out in the forms to ensure its accuracy.
05
Submit the completed forms and supporting documentation to the tax authority within the specified deadline.
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07
Monitor any further communication from the tax authority regarding the status or verification of your implementation.

Who needs state of aeoi implementation?

01
Anyone who is subject to the Automatic Exchange of Information (AEOI) regulations needs to implement and fill out the state of AEoI implementation.
02
This typically includes financial institutions, such as banks, insurance companies, and investment firms, as well as account holders who meet the criteria defined by their respective tax authority.
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It is important to check with the specific tax authority or consult a tax professional to determine if you fall under the requirements for implementing and filling out the state of AEoI.
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The state of aeoi implementation refers to the status of implementing the Automatic Exchange of Information (AEOI) framework.
Financial institutions and tax authorities are required to file the state of AEOI implementation.
The state of AEOI implementation can be filled out by providing relevant information on the implementation of AEOI procedures and processes.
The purpose of the state of AEOI implementation is to ensure compliance with international tax transparency standards.
Information related to the implementation of AEOI procedures, adherence to reporting requirements, and cooperation with other tax jurisdictions must be reported.
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