Consultation On Automatic Exchange Of Information

The ordinance contains the Federal Council's implementing provisions for the Federal Act on the International Automatic Exchange of Information in Tax Matters (AEOI Act).

The ordinance mentions in particular other non-reporting financial institutions and exempt accounts, and regulates details with regard to the reporting and due diligence requirements for reporting Swiss financial institutions. Aside from the implementing provisions for the AEOI Act, the ordinance contains other provisions that are required to implement the automatic exchange of information. They also include implementing provisions on the tasks of the Federal Tax Administration (FTA), on the information system and in the Annex the applicable alternative provisions of the OECD commentary on the Common Standard on Reporting and Due Diligence for Financial Account Information.