International cooperation in tax matters: Switzerland ratifies Multilateral Convention on Administrative Assistance
Bern, 26.09.2016 - Switzerland is taking yet another step in the area of international cooperation in tax matters. Today, it deposited the instruments of ratification for the Multilateral Convention on Mutual Administrative Assistance in Tax Matters (Administrative Assistance Convention) with the OECD in Paris.
In this way, Switzerland is fleshing out its commitment to implementing international standards in the area of taxation. The OECD and Council of Europe convention provides a legal framework for tax-related cooperation between countries. Over a hundred jurisdictions have signed the convention to date. Its modular system provides for multiple forms of cooperation in the area of taxation, including the exchange of information upon request and spontaneously, and the automatic exchange of information.
The convention signed by Switzerland in October 2013 was approved by Parliament in December 2015. It will enter into force for Switzerland on 1 January 2017 and will be applicable for the exchange of information in tax matters in accordance with the rules of the convention and the corresponding instruments for implementation.
Address for enquiries
Anne Césard, Deputy Head of Communications, State Secretariat for International Financial Matters SIF
Tel. +41 58 462 62 91, email@example.com
Federal Department of Finance