Representatives of Switzerland and of the European Union on 27 May 2015 signed an agreement by which Switzerland and the 28 EU Member States have agreed that they will automatically exchange information on financial accounts of each other’s residents from 2018.
The new agreement is understood to replace the savings taxation agreement that has been in force between Switzerland and the EU since 2005.
Read a May 2015 report prepared by KPMG’s EU Tax Centre: Switzerland and European Union sign agreement on automatic exchange of information in tax matters
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