Today, at the OECD Headquarters in Paris, Ms Amel Abdellatif, Tax Commissioner of Algeria signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters (the Convention), bringing the total number of jurisdictions that participate in the Convention to 148.

By today's signing, Algeria joins the world’s widest-reaching international treaty for international tax co-operation and exchange of information and further strengthens the reach of the Convention in Africa. The signing will pave the way for Algeria to engage in the exchange of information with 147 other jurisdictions, including all major financial centres. These exchange relationships will be added to the over 8000 exchange relationships already in place under the Convention.

The Convention enables jurisdictions to engage in a wide range of mutual assistance in tax matters: exchange of information on request, spontaneous exchange, automatic exchange, tax examinations abroad, simultaneous tax examinations and assistance in tax collection. It guarantees extensive safeguards for the protection of taxpayers' rights.

The Convention is the primary instrument for swift implementation of the Standard for Automatic Exchange of Financial Account Information in Tax Matters (CRS). The CRS – developed by the OECD and G20 countries – enables more than 110 jurisdictions to automatically exchange offshore financial account information.

Beyond the exchange of information on request and the automatic exchange pursuant to the Standard, the Convention is also a powerful tool in the fight against illicit financial flows and is a key instrument for the implementation of the transparency standards of the OECD/G20 Base Erosion and Profit Shifting (BEPS) Project.

• View the 148 jurisdictions participating in the Convention

Media queries should be directed to Manal Corwin (+33 1 45 24 18 80), Director of the OECD Centre for Tax Policy and Administration (CTPA) or the CTPA Communications Team.

From left to right: Mr Marco Gesualdi – Junior Policy Analyst  CTP/OECD, Mr Paul Hondius – Head of Unit CTP/OECD, Ms Fabrizia Lapecorella – Deputy Secretary General OECD, Ms Amel Abdellatif – Director General of Tax, Algeria, Mr Houssam Eddine Hamimid, Chargé d’Affaires, Embassy of Algeria in France, Ms Ghania Mansour Rabhi, Director of International Tax Cooperation, Algeria