ATAF welcomes adoption of draft Rules of Procedure for the UN Framework Convention on International Cooperation in the Field of Taxation
ATAF was actively involved in this process, working with member states, the African Union and other pan-African organizations to ensure that Africa’s interests were adequately represented.
FOR IMMEDIATE RELEASE
Press release
Pretoria, 17 August 2024,
The
Intergovernmental Committee on International Tax Cooperation has prepared the draft Terms of Reference (ToR) for a
United Nations Framework Convention on International Cooperation in Tax Matters. This is an important step towards creating a global tax system that is inclusive, transparent and meets the needs of all nations, including the 44 member states of the African Tax Administration Forum (ATAF).
ATAF was actively involved in this process, working with member states, the African Union and other pan-African organizations to ensure that Africa’s interests were adequately represented. The adoption of the ToR followed UN General Assembly Resolution 78/230, which highlighted the need for stronger international tax cooperation to address issues such as tax evasion, tax avoidance and illicit financial flows.
The draft Terms of Reference outline the objectives of the Framework Convention, including the creation of a comprehensive and effective system of international tax cooperation. It also lays the foundation for the development of protocols on the taxation of income from cross-border services in a digitalised economy and other priority areas.
Logan Wort, Executive Secretary of ATAF, said: “The adoption of these Rules of Procedure is a critical step towards a fair and equitable international tax system. ATAF is proud to have played a role in ensuring that the voices and needs of developing countries are taken into account.”
Negotiations based on the adopted ToR will begin in 2025 and are expected to lead to the final text of the Framework Convention by 2027.
END
For media inquiries or further information please contact:
Nshimiyimana Fikiri
Manager:
Communication and Marketing, ATAF
Phone: +27636893901
E-mail: [email protected]
About ATAF
The African Tax Administration Forum (ATAF) is a platform that brings together African tax administrations to engage in mutually beneficial discussions and capacity building initiatives. ATAF works to promote efficient and effective tax systems that contribute to the sustainable development of African countries.
