Question: Recently, the Swiss Federal Council agreed to adopt the dispatch on the introduction of Automatic Exchange of Information (“AEOI”) with 41 states and territories. As part of this dispatch, the first set of data exchange will begin in –
(a) 2017
(b) 2018
(c) 2019
(d) 2020
Answer- (c)
Related facts:
- On June 16, 2017, the Swiss Federal Council agreed to adopt the dispatch on the introduction of the Automatic Exchange of Information (“AEOI”) with 41 states and territories
- As part of this dispatch, the first set of data exchange will take place in 2019.
- The collection of information for data exchange will begin in 2018.
- The Federal Council will prepare a status report from the exchange of data, which is proposed to be prepared in the autumn of 2019.
- AEOI network has extended to most of the G20 and OECD states in addition to the already existing agreements with 38 states and territories, including all EU member states.
- Brazil, China, Liechtenstein, and Russia are notable states included within the list of 41 states and territories.
Reference:
http://news.pwc.ch/34401/swiss-federal-council-adopts-dispatch-aeoi-41-jurisdictions/
https://www.eda.admin.ch/dea/en/home/aktuell/medienmitteilungen.html/content/dea/en/meta/news/2017/6/16/67079
https://www.admin.ch/gov/en/start/documentation/media-releases.msg-id-67079.html