Three professional bodies have called for a model taxypayer charter of taxpayer rights and responsibilities to promote greater fairness in worldwide taxation.

The Asia-Oceania Tax Consultants Association (AOTCA), Confédération Fiscale Européenne (CFE) and the Society of Trust and Estate Practitioners (STEP) worked together to develop the model charter, which is aimed at regulating taxpayer rights and responsibilities in 37 countries, accounting for more than 73% of world GDP.

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The charter is intended to be a model to be adapted and used to foster a relationship of mutual trust, respect and responsibility between taxpayers and the state, regarding taxpayers’ obligations to the State and to codify certain duties of the tax administration, the three organisations said.

The preliminary charter is going through a consultation and refinement process in order to reflect a global consensus.

David Russell, Honorary Advisor to AOTCA and co-author of the report said: "In the absence of an appropriate balance between revenue authorities and taxpayers, the essential trust required for efficient administration of the tax laws will continue to be eroded. Reference to a document that speaks with one voice, yet unites a large majority of the worldwide tax profession, will be of great assistance to emerging Asia-Oceania region economies as they grow in importance".

Copies of the preliminary report have been sent to ministers and deputy ministers of Finance and Revenue of the countries who participated in the survey alongside the institutions of the European Union, the OECD, the United Nations Fiscal Affairs Committee, the World Bank, the IMF, and other interested stakeholders.

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