GDPR and FATCA – Rules for automatic exchange of information; Schrems II impact to EU candidate countries

Tax authorities all over the globe are making efforts to increase the administrative cooperation and exchange of tax information for the purpose of increase in the collection of taxes and prevention of tax evasion.

Although the aim of the tax authorities is in general to the benefit of each of their societies, the exchange of information and transfer of personal data to other countries may conflict with the rights granted to citizens under data protection law due to different standards and levels of protection.

With GDPR being one of the intriguing matters all over the globe and especially following the EUCJ judgment in the Schrems II case the issue of the level of protection in other countries becomes highly relevant.

We in JPM believe that the main advantage of experts in various fields of law working together is the possibility to combine their expertise to shed light on issues from various angles.

In the text prepared by our Partners Nikola Đorđević and Ivan Milošević and Senior Associate Andrea Cvetanović (which you can access using the following link), we are discussing the transfer regimes applicable to transfer of personal data for tax purposes conducted as automatic exchange of information and safeguards which should be introduced in a legally binding document executed between authorities. Particular emphasis has been given to agreement to be executed between competent bodies of the Republic of Serbia and the United States of America pursuant to the FACTA Agreement.

Scroll to Top

Privacy Policy

Law firm Janković, Popović & Mitić Beograd takes care of your privacy. As a controller and in accordance with the Law on Personal Data Protection and other applicable personal data protection regulations, we are obliged to provide you with information related to processing of your personal data.

We use cookies to help improve your experience of our website by measuring how it’s used.

Read our Privacy & Cookie policy for more information.

This Privacy Notice describes which personal data we collect from you and in which manner, how we use and share your personal data. It contains information on purposes and legal grounds for processing, on the time period in which we store your personal data, the manner we protect this data as well as on your rights.