By Davide Anghileri, University of Lausanne
The Swiss Federal Tax Administration has updated its list of the partner jurisdictions with which Switzerland is implementing automatic exchange of financial account Information (AEOI) to reflect activations with additional partner states on 1 January 2019. The new list comprises 61 partners states.
In Switzerland, the legal basis for the AEOI entered into force on 1 January 2017 and usually the AEOI is implemented according to the Multilateral Competent Authority Agreement on the Automatic Exchange of Financial Account Information (MCAA). Only with the EU, Hong Kong, and Singapore has the AEOI has been activated through bilateral treaties.
With regard to Israel, it should be noted that the implementation of the AEOI has to be postponed for one year because Israel has not yet put in place its national implementation legislation (2019/2020 and not 2018/2019 as originally foreseen).
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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