Automatic exchange of information on financial accounts

With the help of the global standard for the automatic exchange of information on financial accounts (AEOI) tax transparency should be increased and cross-border tax evasion and should be prevented. The global standard makes provision for the mutual exchange of information on financial accounts between states and territories that have agreed among themselves to the AEOI. Aside from Switzerland, over 100 states and territories, including all major financial centres, have adopted the standard.

Switzerland usually implements the AEOI according to the Multilateral Competent Authority Agreement on the Automatic Exchange of Financial Account Information (MCAA). Bilateral treaties on the AEOI have been concluded with the EU, Hong Kong and Singapore.

The legal basis for the AEOI entered into force on 1 January 2017. The Federal Tax Administration (FTA) is responsible for the implementation of the AEOI.

The list of the activated bilateral exchange relationships of all states and territories can be viewed on the OECD website. The following list contains the AEOI partner states of Switzerland. It is kept regularly up to date and has priority over the list of the OECD.

Status as at 15.12.2023

Partner state               
Approval1 Entry into force2
Albania 19.033 01.01.2021
Andorra  17.040  01.01.2018 
Anguilla3 18.055 01.01.2019 
Antigua and Barbuda5 17.040 01.01.2019
Argentina 17.040  01.01.2018
Aruba 17.040  01.01.2019
Australia 15.076 01.01.2017
Austria 15.081   01.01.2017 
Azerbaijan 19.033  01.01.2020 
Bahamas3 18.055 01.01.2019
Bahrain3 18.055 01.01.2019
Barbados 17.040  01.01.2018
Belgium 15.081   01.01.2017 
Belize5 17.040  01.01.2018
Bermuda3
17.040  01.01.2018
Brazil 17.040  01.01.2018
British Virgin Islands3 17.040  01.01.2018
Brunei Darussalam5 19.033 01.01.2021
Bulgaria 15.081   01.01.2017 
Canada 16.057   01.01.2017 
Cayman Islands3 17.040  01.01.2018
Chile 17.040  01.01.2018
China (People's Republic) 17.040  01.01.2018
Colombia 17.040   01.01.2018 
Cook Islands 17.040  01.01.2018
Costa Rica 17.040  01.01.2018
Croatia 15.081   01.01.2017 
Curaçao 17.040  01.01.2018
Cyprus 15.081   01.01.2017 
Czechia 15.081   01.01.2017 
Denmark 15.081   01.01.2017 
Dominica5 19.033 01.01.2020
Ecuador 22.048 01.01.2023
Estonia 15.081   01.01.2017 
Faroe Islands 17.040  01.01.2018
Finland6 15.081   01.01.2017 
France6 15.081   01.01.2017 
Germany 15.081   01.01.2017 
Ghana 19.033  01.01.2020 
Gibraltar4 15.081  01.01.2017  
Greece 15.081   01.01.2017 
Greenland 17.040   01.01.2018 
Grenada 17.040  01.01.2019
Guernsey 16.057 01.01.2017
Hong Kong8 18.055 01.01.2018
Hungary 15.081   01.01.2017 
Isle of Man 16.057   01.01.2017 
Iceland 16.057   01.01.2017 
India 17.040  01.01.2018
Indonesia 17.040  01.01.2018
Ireland 15.081   01.01.2017 
Israel 17.040  01.01.2019
Italy 15.081   01.01.2017 
Jamaica 22.048 01.01.2023
Japan 16.057 01.01.2017
Jersey 16.057 01.01.2017
Kazakhstan 19.033 01.01.2022
Kenya 22.048 01.01.2024
Kuwait3 18.055 01.01.2019
Latvia 15.081   01.01.2017 
Lebanon5 19.033  01.01.2020 
Liechtenstein 17.040  01.01.2018
Lithuania 15.081   01.01.2017 
Luxembourg 15.081   01.01.2017 
Macao5 19.033  01.01.2020 
Malaysia 17.040  01.01.2018
Maldives 19.033 01.01.2022
Malta 15.081   01.01.2017 
Marshall Islands3 17.040  01.01.2019
Mauritius 17.040  01.01.2018
Mexico 17.040  01.01.2018
Monaco 17.040  01.01.2018
Montserrat5 17.040  01.01.2018
Nauru3 18.055 01.01.2019
Netherlands6 15.081   01.01.2017 
Netherlands, overseas municipalities (Bonaire, Saint Eustatius, Saba) 18.055  01.01.2019 
New Caledonia3 22.048 01.01.2023
New Zealand 17.040  01.01.2018
Nigeria 19.033  01.01.2021
Norway 16.057   01.01.2017 
Oman5 19.033 01.01.2022
Pakistan 19.033  01.01.2020 
Panama 18.055 01.01.2019
Peru 19.033 01.01.2021
Poland 15.081   01.01.2017 
Portugal6 15.081   01.01.2017 
Qatar3 18.055 01.01.2019
Romania5 15.081   01.01.2017 
Russia9 17.040  01.01.2018
Saint Kitts and Nevis 17.040  01.01.2018
Saint Lucia 17.040  01.01.2018
Saint Vincent and the Grenadines5 17.040  01.01.2018
Samoa5 19.033 01.01.2020
San Marino 17.040   01.01.2018 
Saudi Arabia 17.040   01.01.2018 
Seychelles 17.040  01.01.2018
Singapore8 18.055  01.01.2018 
Sint Maarten5 19.033 01.01.2023
Slovakia 15.081   01.01.2017 
Slovenia 15.081   01.01.2017 
South Africa 17.040   01.01.2018 
South Korea 16.057   01.01.2017 
Spain6 15.081   01.01.2017 
Sweden 15.081   01.01.2017 
Thailand 22.048 01.01.2024
Turkey 19.033 01.01.2021
Turks und Caicos Islands3 17.040   01.01.2018 
United Arab Emirates3 17.040  01.01.2019
United Kingdom4 15.081   01.01.2017  
Uruguay 17.040  01.01.2018
Vanuatu5 19.033 01.01.2020

1: Item number for parliamentary deliberations.

2: From the date of entry into force on 1 January of a certain year a jurisdiction is considered as a participating jurisdiction. Since then the financial institutions subject to the reporting requirement will collect – with the reservations of note 3 – account information concerning persons resident for tax purposes in the respective partner jurisdictions from this date. This information will be exchanged between the competent authorities in the following year.

3: These jurisdictions have declared themselves to be "permanent non-reciprocal jurisdictions", i. e. they supply account information to the partner jurisdictions on a permanent basis but do not receive such data.

4: The AEOI with the UK is implemented from 1 January 2021 on the basis of the multilateral AEOI agreements (Administrative Assistance Agreement in Tax Matters and MCAA).

5: These states and territories have declared themselves as "temporary non-reciprocal jurisdictions", i.e. they will initially provide information on financial accounts but will not receive such information until they meet the requirements of the AEOI standard in the area of confidentiality and data safeguard. Reporting Swiss financial institutions must collect the relevant data from the time of activation of AEOI and forward them to the Federal Tax Administration within the specified period. However, the Federal Tax Administration will only forward this data to the partner states if they fulfil the conditions for reciprocal data exchange and if an updated audit by the Global Forum confirms this.

6: The bilateral AEOI agreement with the EU applies for all 27 EU member states and is also applicable for the Åland Islands (Finland), the Azores (Portugal), French Guiana (France), Guadeloupe (France), the Canary Islands (Spain), Madeira (Portugal), Martinique (France), Mayotte (France), La Réunion (France) and Saint Martin (France).

7: These states and territories do not yet fulfil the conditions for activating the AEOI. The rights and obligations arising from the agreements are therefore not effective. In particular, there is no obligation on the reporting financial institutions to collect financial account information and transmit it to the competent authority. Switzerland will only notify these states and territories as AEOI partners once they meet the requirements of the global AEOI standard and declare their interest in introducing the AEOI with Switzerland. The AEOI is always activated on 1 January of each year.

8: The AEOI with Hongkong and Singapore is implemented from 1 January 2024 on the basis of the multilateral AEOI agreements (Administrative Assistance Agreement in Tax Matters and MCAA).

9: Data transmission to Russia is currently suspended. The other rights and obligations arising from the relevant agreements remain unaffected by the Federal Council's decision, such as in particular the obligation of reporting financial institutions to collect and transmit to the FTA the financial account data of tax residents in Russia.

 

 
 

Contact

Contact form AEOI

Do you have any questions about the automatic exchange of information? If so, please fill in this form:

Contact form AEOI

Email: aia@sif.admin.ch

Print contact

https://www.sif.admin.ch/content/sif/en/home/multilateral-relations/exchange-information-tax-matters/automatic-exchange-information/financial-accounts.html