On September 26, 2016 both the OECD and the Swiss Federal Department of Finance issued press releases announcing that on September 26, 2016 Switzerland deposited its instrument of ratification for the OECD’s Multilateral Convention on Mutual Administrative Assistance in Tax Matters. Switzerland signed the Convention on October 15, 2013.

Based on the overview of Jurisdictions Participating in the Convention on Mutual Administrative Assistance in Tax Matters as available on the website of the OECD, the Convention is expected to enter into force on January 1, 2017 with respect to Switzerland.

According to the OECD, Switzerland is committed to implement automatic exchange of financial account information in time to commence exchanges in 2018 and is a signatory of the CRS Multilateral Competent Authority Agreement (the "CRS MCAA").

Click here to be forwarded to the overview of Jurisdictions Participating in the Convention on Mutual Administrative Assistance in Tax Matters (Status as per September 26, 2016) as available on the website of the OECD, which will open in a new window.

Click here to be forwarded to the amended Convention on Mutual Administrative Assistance in Tax Matters as available on the website of the OECD, which will open in a new window.

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