Automatic Exchange of Information (AEOI)
Automatic Exchange of Information (AEOI) is the exchange of information between countries without having to request it. AEOI exists to reduce global tax evasion.
Schemas in extensible mark-up language (XML) allow the reporting of AEOI information in an IT-based and standardised manner.
A schema is a data structure for holding and transmitting information electronically and in bulk. XML is commonly used for this purpose.
Information can be found in this section in relation to:
DAC7