As previously reported (Link-Blog), the U.S. Senate approved the 2009 protocol amending the double taxation agreement (“DTA”) in the area of income tax between Switzerland and the U.S. on 17 July 2019. On this basis, on 20 September 2019, Switzerland and the United States exchanged the instruments of ratification of the protocol of amendment to their DTA. The protocol entered into force on the same day (Link).
Under the new provision, group requests are also allowed for cases of tax evasion. Under the Foreign Account Tax Compliance Act (“FATCA”) Agreement, group requests are admissible for cases from 30 June 2014 onwards.
In addition, on 18 September 2019, the Swiss Government updated its Automatic Exchange of Information (“AEOI”) general information webpage on financial accounts (Link-German).