Antigua and Barbuda has signed an updated international agreement that expands the automatic sharing of financial account information between countries as part of global efforts to combat tax evasion and improve transparency.

An update published by the Organisation for Economic Co-operation and Development (OECD) on June 25 confirmed that Antigua and Barbuda signed the addendum to the Multilateral Competent Authority Agreement on March 31, 2026. Kuwait became the latest country to sign the updated agreement on June 22.

The addendum updates the legal framework for the Common Reporting Standard (CRS), the global system through which participating countries automatically exchange financial account information each year.

The revised rules, adopted by the OECD in 2022, broaden the range of financial information that countries can share. The changes are intended to help tax authorities better identify offshore tax evasion and keep pace with evolving financial products and investment structures.

According to the OECD, 76 jurisdictions had signed the updated agreement as of June 25, 2026. Antigua and Barbuda joins countries around the world that have committed to implementing the expanded reporting framework.

The Common Reporting Standard is an international tax transparency initiative under which financial institutions collect information on accounts held by foreign tax residents. That information is then shared automatically with the relevant tax authorities in participating countries under agreed safeguards.

This article was originally published by Antigua News Room. Read the original article here: Antigua and Barbuda Signs Updated OECD Tax Information-Sharing Agreement.