Switzerland issues AEOI Review Mechanism Report

On 27 May 2020, Switzerland issued a report to the commissions for economy and taxes. The Commission’s consultation feedback on the review mechanism for standard-compliant implementation of the automatic exchange of financial account information (“AEOI”) report is expected in the coming weeks (Link-German).

After clarifications, the present report concludes that the five new partner states, with which information on financial accounts is to be exchanged for the first time in autumn 2020, comply with the criteria laid down in the federal decree on the review mechanism. In the case of the partner states already audited last year, the Federal Council arrives at the same conclusion within the framework of the prescribed risk-based audit.

Leave a reply

Your email address will not be published. Required fields are marked *

/* */