Saint Lucia has signed the [Multilateral Convention on Mutual Administrative Assistance in Tax Matters](http://www.oecd.org/ctp/exchange-of-tax-information/convention-on-mutual-administrative-assistance-in-tax-matters.htm?utm_source=Adestra&utm_medium=email&utm_content=Multilateral%20Convention%20on%20Mutual%20Administrative%20Assistance%20in%20Tax%20Matters&utm_campaign=Tax%20News%20Alert%2021-11-2016&utm_term=demo), becoming the 107th jurisdictions to join the Convention.
The Convention was developed jointly by the OECD and the Council of Europe in 1988 and amended in 2010 to respond to the call by the G20 to align it to the international standard on exchange of information and to open it to all countries, thus ensuring that developing countries could benefit from the new more transparent environment.
The Convention is considered the ideal instrument for the swift implementation of the standard on exchange of information on request and the new OECD/G20 [Standard for Automatic Exchange of Financial Account Information in Tax Matters](http://www.oecd.org/tax/exchange-of-tax-information/standard-for-automatic-exchange-of-financial-account-information-for-tax-matters-9789264216525-en.htm?utm_source=Adestra&utm_medium=email&utm_content=Standard%20for%20Automatic%20Exchange%20of%20Financial%20Account%20Information%20in%20Tax%20Matters&utm_campaign=Tax%20News%20Alert%2021-11-2016&utm_term=demo).
[OECD Release](http://www.oecd.org/tax/saint-lucia-expands-its-capacity-to-fight-international-tax-avoidance-and-evasion.htm?utm_source=Adestra&utm_medium=email&utm_content=Saint%20Lucia%20expands%20its%20capacity%20to%20fight%20international%20tax%20avoidance%20and%20evasion&utm_campaign=Tax%20News%20Alert%2021-11-2016&utm_term=demo)