Kuwait has re-confirmed its commitment to implement automatic exchange of financial account information in time to commence exchanges in 2018. It did this today by joining the [83 current signatories](http://www.oecd.org/tax/automatic-exchange/international-framework-for-the-crs/MCAA-Signatories.pdf?utm_source=Adestra&utm_medium=email&utm_content=83%20current%20signatories&utm_campaign=Tax%20News%20Alert%2019-08-2016&utm_term=demo) to the [CRS Multilateral Competent Authority Agreement](http://www.oecd.org/tax/automatic-exchange/international-framework-for-the-crs/?utm_source=Adestra&utm_medium=email&utm_content=CRS%20Multilateral%20Competent%20Authority%20Agreement&utm_campaign=Tax%20News%20Alert%2019-08-2016&utm_term=demo), the key international framework agreement for putting in place the automatic exchange of information on offshore financial accounts foreseen by the OECD Common Reporting Standard (CRS).
His Excellency, Mr. Khalifa Hamada, Undersecretary of Ministry of Finance, signed the CRS MCAA in the presence of the OECD Deputy Secretary-General Rintaro Tamaki.
[OECD Release](http://www.oecd.org/tax/kuwait-takes-key-steps-towards-improving-tax-transparency.htm)