Taxation of savings: EU and Switzerland sign new agreement on automatic exchange of financial account information | Practical Law

Taxation of savings: EU and Switzerland sign new agreement on automatic exchange of financial account information | Practical Law

On 27 May 2015, the EU and Switzerland signed a Protocol amending their existing Savings Agreement and transforming it into an agreement on automatic exchange of financial account information based on the OECD/G20 Global Standard. Under the new Agreement, the EU and Switzerland will automatically exchange information on the financial accounts of each other's residents from September 2018.

Taxation of savings: EU and Switzerland sign new agreement on automatic exchange of financial account information

by Practical Law EU
Published on 28 May 2015 • European Union
On 27 May 2015, the EU and Switzerland signed a Protocol amending their existing Savings Agreement and transforming it into an agreement on automatic exchange of financial account information based on the OECD/G20 Global Standard. Under the new Agreement, the EU and Switzerland will automatically exchange information on the financial accounts of each other's residents from September 2018.