Greece’s Ministry of National Economy and Finance published a joint statement with 24 other jurisdictions and the United Kingdom Overseas Territory of Gibraltar welcoming the OECD-developed Multilateral Competent Authority Agreement for the Automatic Exchange of Immediately Available Information on Real Property (IPI MCAA). The statement positions the IPI MCAA as a new mechanism to fill a gap in cross-border information exchange for non-financial assets, particularly real estate. The signatories noted recent progress in tax transparency through automatic exchange of information on financial assets under the Common Reporting Standard and on crypto-assets under the Crypto-Asset Reporting Framework, while highlighting the absence of a comparable mechanism for non-financial assets. The IPI MCAA is presented as a tool to give tax authorities access to information on real estate held abroad and related foreign-sourced income, supporting tax compliance monitoring and enforcement and efforts to combat tax evasion. The jurisdictions stated an aim to join the IPI MCAA by 2029 or 2030, subject to internal procedures, and encouraged other jurisdictions to participate.
Ministry of National Economy and Finance (Greece) 2025-12-04
Greece’s Ministry of National Economy and Finance endorses OECD real property information exchange agreement and targets joining by 2029 or 2030
Greece’s Ministry of National Economy and Finance, along with 24 other jurisdictions and Gibraltar, endorsed the OECD's Multilateral Competent Authority Agreement for the Automatic Exchange of Immediately Available Information on Real Property (IPI MCAA). This agreement aims to enhance cross-border information exchange on real estate to support tax compliance and combat evasion. The signatories plan to join the IPI MCAA by 2029 or 2030, pending internal procedures, and urge other jurisdictions to participate.