On 22 November, Switzerland and India signed a joint declaration on the introduction of automatic exchange of information (AEOI) in tax matters.
Like Switzerland’s recently signed AEOIs with Argentina, Brazil, Mexico and Uruguay, the Indian AEOI will be grounded on the international standard for the exchange of information developed by the OECD included in the Multilateral Competent Authority Agreement on the Automatic Exchange of Financial Account Information (MCAA).
Furthermore, the signing of the AEOI has accompanied a declaration that states that “Both jurisdictions recognise the importance and potential benefits of cross-border investment and financial services. They will thus strive to facilitate and improve the conditions for providing financial services between their jurisdictions and strengthen their cooperation on financial sector issues through regular dialogue.”
With the signing of the agreement, Switzerland has shown its continued commitment to implementing the AEOI standard and to strengthen its network of AEOI partner states.
Davide Anghileri
Davide Anghileri is a PhD candidate at the University of Lausanne, where he is writing his thesis on the attribution of profits to PEs. He researches transfer pricing issues and lectures for the Master of Advanced Studies in International Taxation and Executive Program on Transfer Pricing.
Anghileri, a Contributing Editor at MNE Tax, previously worked as a policy advisor to the Swiss government on BEPS issues.
Davide can be reached at [email protected].
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