Switzerland: Automatic exchange of information, update

Switzerland: Automatic exchange of information, update

Switzerland is expected to continue efforts for the automatic exchange of information (AEoI) with 38 partner states beginning 2017.

Related content

In December 2015, the Swiss Parliament ratified the law for implementation of the automatic exchange of information. Unless a referendum is called against it, nothing will prevent the AEoI from taking effect as of 1 January 2017. Given the AEoI is a globally standardized regulation, individual countries have rather little leeway in its implementation. EU Member States have introduced the AEoI with an effective date of 1 January 2016, so that the first exchange of data will be in the year 2017 regarding 2016 data.

 

Read a March 2016 blog article prepared by the KPMG member firm in Switzerland: The AEoI will enter into force in less than a year

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Request for proposal

 

Submit

KPMG's new digital platform

KPMG's new digital platform