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New member to exchange of information agreement
Switzerland has joined the multilateral agreement regarding the sharing of financial information. Taxand Argentina explains the benefits of such an agreement.
Switzerland has joined the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information and entered into the framework of the Convention on Mutual Administrative Assistance in Tax Matters, and will begin exchanging information in September 2018.
Such an agreement, which has 51 other members, will enable the automatic exchange of relevant information related to financial accounts as per tax purposes, as provided by the international standard on the matter developed in the frame of the OECD and the G-20.
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