The nation has been given a rating of ‘largely compliant’ by the OECD’s Global Forum review.
The OECD’s Global Forum is a body that gives direction on how to achieve and maintain international standards and is a body on which Nauru places a high value.
Nauru’s status was reviewed under the Global Forum’s Fast Track Phase 2 process in the lead up to the G20 Summit in July in Germany.
The Minister for Finance David Adeang said Nauru had formally committed to the Automatic Exchange of Information on tax matters.
