Switzerland: AEOI ordinance is adopted | KPMG | GLOBAL
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Switzerland: AEOI ordinance is adopted

Switzerland: AEOI ordinance is adopted

The Swiss Federal Council on 23 November 2016 adopted an ordinance for the automatic exchange of information (AEOI) in tax matters. The ordinance provides rules for implementing the AEOI measures. The effective date of the ordinance is 1 January 2017.


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The measures include information relating to non-reporting financial institutions and exempt accounts, as well as details with regards to the reporting and due diligence requirements of Swiss reporting financial institutions. The ordinance sets forth the process for the automatic exchange of information, and establishes the role of the Swiss federal tax authorities in administering the AEOI.


Read a November 2016 report [PDF 60 KB] prepared by the KPMG member firm in Switzerland

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.

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