Switzerland: Amendments related to AEOI in tax matters

Switzerland: Amendments related to AEOI in tax matters

The Swiss federal tax administration announced the approval of an amended ordinance on international automatic exchange of information (AEOI) in tax matters.


Second, Switzerland will implement by the end of 2020 other recommended measures from the Global Forum on Transparency and Exchange of Information for Tax Purposes.

Third, amended legislation on the international AEOI in tax matters was approved by Parliament, and this includes measures for repeal of the exemption clause for condominium associations; adjusted due diligence requirements; document retention requirements for reporting Swiss financial institutions; and rules for amounts to be stated in US dollars. The expectation is for the changes to be effective from 1 January 2021.

Read a November 2020 report [PDF 71 KB] prepared by the KPMG member firm in Switzerland

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