The 18th Global Forum plenary in New Delhi showcased growing global tax transparency, with more jurisdictions exchanging financial and crypto-asset information and improving compliance.
The OECD announced the opening of the 18th Plenary Meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes, held in New Delhi, India, on 2 December 2025.
International community meets in New Delhi to reflect on latest advances in global tax transparency
The 18th Plenary meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum) opened today in New Delhi, India, with an address from the Minister of Finance of India, Ms Nirmala Sitharaman. The three-day event brings together over 400 delegates from more than 120 jurisdictions and 12 international bodies to reflect on the latest collective achievements, discuss emerging challenges and drive global progress in the fight against offshore tax evasion.
More jurisdictions than ever are exchanging information both on request and automatically. In addition, an increasing number of jurisdictions have committed to begin exchanges under the new Crypto-Asset Reporting Framework (CARF), with most of these aiming to start exchanges from 2027. This is an important step towards improved transparency and exchange of information for tax purposes.
Launched today, and reflecting the inputs and results of its members, the 2025 Global Forum Annual Report sets out the scale of global tax co-operation:
- 116 jurisdictions have commenced automatic exchange of information (AEOI) on financial accounts, and 13 more are committed to do so by 2028.
- 75 jurisdictions have thus far committed to implementing the CARF, with the first AEOI on crypto-assets starting in 2027.
- Information on 171 million financial accounts, covering almost EUR 13 trillion in total assets, were automatically exchanged in 2024.
- 139 jurisdictions reported engaging in exchange of information on request (EOIR) in 2024, and requests for information pertaining to at least 32 000 taxpayers were made.
- At least EUR 135 billion of additional revenues (tax, interest and penalties), including about EUR 48 billion by developing countries, have been identified so far thanks to exchange of information for tax purposes and related measures, such as voluntary disclosure programmes and offshore tax investigations.
“The Global Forum’s dynamic dual-track approach – blending rigorous monitoring and peer reviews with targeted capacity building – has driven real change. Jurisdictions are not only joining the global platform; they are taking actions translating international standards into practice, and these actions have resulted in revenue gains,” said Gaël Perraud, Chair of the Global Forum.
In total, 129 jurisdictions have been rated in the second round of EOIR peer reviews since 2016 and a further 22 had their legal and regulatory framework reviewed, pending the review of their effectiveness in practice. To date, 88% of them have been rated either “Compliant” or “Largely Compliant”, demonstrating the maturity of the EOIR standard. Rolled out in 2025, the new enhanced monitoring process has already proven effective in reinforcing actions to address the more than 1 600 recommendations issued in the second round of reviews, and progress is being closely monitored. Published today for the first time, Enhanced Monitoring Report on the Implementation of the Standard on Transparency and Exchange of Information on Request 2025 shows that across the 25 jurisdictions covered, 83% of the recommendations issued in the jurisdictions’ latest peer reviews are considered (provisionally) addressed (29%) or are in the process of being addressed (54%), with material improvement noted for almost all recommendations.
The Global Forum also continues to monitor progress towards the implementation of the Common Reporting Standard (CRS) for the automatic exchange of financial account information. As detailed in Peer Review of the Automatic Exchange of Financial Account Information 2025 Update, 118 jurisdictions have been assessed to date, with 97% determined to have domestic and international legal frameworks that are fully or substantially in accordance with the CRS, which provides a very solid basis to ensure it operates effectively in practice. So far, 108 jurisdictions have undergone the first round of AEOI effectiveness reviews and 68 (63%) were deemed to be “On track” with their implementation of the CRS. Substantive improvement was identified as being needed by 19 jurisdictions, which were therefore rated as “Partially Compliant”. Finally, 21 jurisdictions were found to have fundamental deficiencies in their frameworks (i.e. they were not yet fully developed) and were therefore rated as “Non-Compliant”. The second round of effectiveness peer reviews, covering the 99 jurisdictions that had committed to start automatic exchanges by 2017 or 2018, is now underway, with first results expected to be published in 2026.
Whilst the implementation of the CARF is still in its early stages, headway is evident. Political commitments are being translated into action, and jurisdictions are expected to implement the components needed to commence exchanges. A detailed update on the latest advances is provided in Crypto-Asset Reporting Framework: 2025 Monitoring and Implementation Update.
The Global Forum Secretariat also provided support to 107 jurisdictions in 2025, the highest figure since the launch of its capacity-building programme in 2011. Regional initiatives keep driving significant advances in tax transparency across Africa, Asia and Latin America, with growing co-operation in the Pacific and Caribbean regions.
The Global Forum is the leading multilateral body mandated to ensure that jurisdictions around the world adhere to and effectively implement the standard on transparency and exchange of information on request and the standards of automatic exchange of information, covering financial accounts data and crypto-asset transactions. These objectives are achieved through a robust monitoring and peer review process. The Global Forum also runs an extensive capacity-building programme to support its members in implementing the standards and help tax authorities make the best use of cross-border information sharing channels.
