Switzerland adopts dispatch on amending AEOI Act

On 20 November 2019, the Swiss Federal Council adopted the dispatch on amending the Federal Act on the International Automatic Exchange of Information in Tax Matters (“AEOI”) (Link). The aim of the proposal is to implement the recommendations of the Global Forum. The proposal is not expected to come into force until the start of 2021, at the earliest.

The information on the Swiss website is also available in German (Link-German), French (Link-French), and Italian (Link-Italian).

A new version of the AIA-Qualifikationsgremium’s AEOI and Foreign Account Tax Compliance Act (“FATCA”) assessment documents to answer recent questions was also released on 20 November 2019 (Link-Blog).

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