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US Adds Turkey to Nations With Automatic Interest-Info Exchange

Sept. 22, 2022, 3:21 PM

The Treasury Department has added Turkey to the list of countries with which Treasury and the IRS have determined that it’s appropriate to have an automatic exchange relationship with regard to information on deposit interest paid to the country’s residents.

The US now has such relationships with 51 jurisdictions, according to a list in Treasury’s announcement Thursday (Rev. Proc. 2022-35).

  • The US also has relevant information exchange agreements on deposit interest with 94 jurisdictions, the same as last year, according to the announcement.