The Swiss State Secretariat for International Finance has announced the entry into force of the agreements on the introduction of the automatic exchange of financial account information with Hong Kong and Singapore.
AEOI agreements with Hong Kong and Singapore have come into force
The bilateral agreements on the introduction of the automatic exchange of financial account information (AEOI) with Hong Kong entered into force on 1 July 2019 and the one with Singapore on 1 August 2019.
On 17 July 2017, Switzerland signed a bilateral agreement with Singapore and on 13 October 2017 with Hong Kong, on the introduction of the AEOI from 2018 onwards. Both agreements were provisionally applied for the time being because the parliamentary approval procedures had not yet been completed. Parliament approved the agreements in the 2018 winter session. After the expiry of the referendum deadlines in spring 2019, the notifications required for entry into force were exchanged between the parties. Based on these agreements with Hong Kong and Singapore, Switzerland will exchange information on financial accounts collected in 2018 with Hong Kong and Singapore in September 2019.
Agreement between the Swiss Federal Council and the Government of the Hong Kong special administrative region of the People’s Republic of China on the automatic exchange of information to improve international tax compliance (PDF, 225 kB, 02.08.2019)
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