Global forum on transparency and exchange of information for tax purposes. Turks and Caicos Islands 2019 (second round) : peer review report on the exchange of information on request.

On Cover & Title Page: Peer Review Report On The Exchange Of Information On Request. On Title Page: March 2019 (reflecting The Legal And Regulatory Framework As At December 2018) This report analyses the implementation of the international standard of transparency and exchange of information on request in the Turks and Caicos Islands on the second round of reviews conducted by the Global Forum against the 2016 Terms of Reference. It assesses both the legal and regulatory framework as at 19 December 2018 and the practical implementation of this framework, in particular the EOIR standard, by the Turks and Caicos Islands in respect of EOI requests processed received and sent during the review period from 1 January 2015 to 31 December 2017. This report concludes that the Turks and Caicos Islands continues to be overall Largely Compliant with the international standard. In 2013 the Global Forum evaluated the Turks and Caicos Islands for its implementation of the standard against the 2010 Terms of Reference, and also rated the Turks and Caicos Islands overall Largely Compliant with the standard. This report is reflecting the legal and regulatory framework as at December 2018 Table of contents Reader’s guide Abbreviations and acronyms Executive summary Overview of the Turks and Caicos Islands Part A: Availability of information A.1. Legal and beneficial ownership and identity information A.2. Accounting records A.3. Banking information Part B: Access to information B.1. Competent authority’s ability to obtain and provide information B.2. Notification requirements, rights and safeguards Part C: Exchanging information C.1. Exchange of information mechanisms C.2. Exchange of information mechanisms with all relevant partners C.3. Confidentiality C.4. Rights and safeguards of taxpayers and third parties C.5. Requesting and providing information in an effective manner Annex 1: List of in-text recommendations Annex 2: List of the Turks and Caicos’ EOI mechanisms Annex 3: Methodology for the review Annex 4: The Turks and Caicos’ response to the review report