Switzerland shares tax knowledge with 12 different nations
by Lorys Charalambous, Tax-Information.com, Cyprus
June 22, 2022
At its assembly on Could 18, 2022, the Federal Council accepted the message on the introduction of the automated trade of data on monetary accounts (AEOI) with 12 different accomplice nations.
Particularly, the Federal Council intends to trade data on monetary accounts with the next different accomplice nations for the primary time in 2024: Ecuador, Georgia, Jamaica, Jordan, Kenya, Morocco, Moldova, Montenegro, New Caledonia, Thailand, Uganda and Ukraine. Entry into pressure is deliberate for 2023 with a primary knowledge trade in 2024.
The extension to those 12 states ensures that Switzerland mechanically shares tax data with all 120 nations and territories that at the moment decide to the AEOI normal. “With the suitable enlargement of the AEI community, Switzerland helps to create a stage taking part in discipline worldwide and to make sure that unlawful monetary flows may be successfully combated,” mentioned the Swiss authorities.