Federal Budget 2021-22: Exchange of Information (EOI) Country Updates
Tax Law - 12 May 2021
The Government has a list of countries of which it shares an effective exchange of information (EOI) agreement, to assist in preventing potential offshore tax avoidance and evasion.
The Government has updated the list of countries that have an effective EOI agreement with Australia to include
- Cabo Verde;
- Mongolia; and
These jurisdictions will be eligible for the MIT concessional withholding tax rate of 15%, rather than the default rate of 30%.
The updated list will be effective form 1 January 2022.
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