Switzerland: Mutual administrative assistance | KPMG | GLOBAL
Share with your friends

Switzerland: Mutual administrative assistance in tax matters agreement ratified

Switzerland: Mutual administrative assistance

The Organisation for Economic Cooperation and Development (OECD) today announced that Switzerland deposited its instrument of ratification for the multilateral convention on the mutual administrative assistance in tax matters. The convention will enter into force for Switzerland on 1 January 2017.


Related content

The OECD release states that the ratification re-affirms Switzerland's commitment to greater tax transparency and is a step towards implementing the standard for the automatic exchange of financial account information in tax matters, as developed by the OECD and G20 countries as well as the automatic exchange of country-by-country reports under the OECD/G20 base erosion and profit shifting (BEPS) project. Switzerland has committed to implement the automatic exchange of financial account information in time to begin exchanges in 2018 and is a signatory of:

  • The common reporting standard (CRS) Multilateral Competent Authority Agreement (CRS MCAA) 
  • The Multilateral Competent Authority Agreement on the exchange of country-by-country reports (CbC MCAA)

Both multilateral agreements are based on Article 6 of the multilateral convention or agreement.  

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