During its meeting of December 3, 2021 the Swiss Federal Council initiated a consultation on the introduction of the automatic exchange of financial account information (AEOI) with twelve additional states and territories (Ecuador, Georgia, Jamaica, Jordan, Kenya, Macedonia, Moldova, Morocco, New Caledonia, Thailand, Uganda and Ukraine). The consultation will last until 18 March 2022. The Federal Council plans to submit the dispatch on the introduction of the AEOI with these partner states to Parliament in autumn/winter 2022.

 

The AEOI is scheduled to enter into force on January 1, 2023 and the first exchange of data should take place in 2024. Before the first exchange of data with these partner states, the Federal Council will once again examine whether the requirements of the AEOI standard – especially data security and confidentiality – are met.

 

In this respect the Swiss Federal Council published the following documents its website:

·  Preliminary draft of Federal Decrees on the introduction of the Automatic Exchange of Information on Financial Accounts for each of the aforementioned partner states (in German, French or Italian);

·  Explanatory report on the consultation process (in German, French or Italian);

·  Letter to the Swiss cantons (in German, French or Italian);

·  Letter to the organizations (in German, French or Italian);

·  List of the addressees.

 

 

Copyright – internationaltaxplaza.info

 

 

Follow International Tax Plaza on Twitter (@IntTaxPlaza)

 

Submit to FacebookSubmit to TwitterSubmit to LinkedIn
INTERESTING ARTICLES