Finland participates in joint statement on exchange of information on immovable property

The multinational joint statement expresses the intention of the countries to join the OECD’s agreement on the automatic exchange of information on immovable property.

Ownership and transactions involving immovable property often have cross-border elements. The correct and effective taxation of this property requires that tax authorities have better access to information. Improved exchange of information between countries will strengthen the monitoring and enforcement of tax compliance and will prevent tax evasion.

The OECD published the Multilateral Competent Authority Agreement on Automatic Exchange of Readily Available Information on Immovable Property (IPI MCAA) in October 2025. It will enable the participating countries to automatically exchange information on immovable property assets and income derived from them. The countries issuing the joint statement express their aim to join the IPI MCAA by 2029 or 2030.

New agreement expands international exchange of information

The exchange of information under the new agreement will involve information that is readily available to tax authorities. The information to be exchanged must be up to date and reliable so that immovable property assets and income derived from them can be identified. EU Member States already exchange similar information under the Directive on Administrative Cooperation. 

Once the agreement is signed, the exchange of information will also require the establishment of information exchange relationships with the other countries.

Inquiries:
Antti Kurikka, Ministerial Adviser, tel. +358 295 530 535, antti.kurikka(at)gov.fi