On 18 February 2016, officials from Switzerland and South Korea signed a joint declaration on the automatic exchange of information in tax matters on a reciprocal basis, according to a press release from the Swiss Federal Council. The information exchange will be carried out under the Multilateral Competent Authority Agreement on the Automatic Exchange of Financial Account Information and the Convention on Mutual Administrative Assistance in Tax Matters. Switzerland and South Korea intend to begin the automatic exchange of financial account information in 2018.
Click the following link for the press release.
We’re here to answer any questions you have about the Orbitax products and services.
We’re committed to providing high value, low cost tax research and management solutions.
Our Twitter account is where you can find latest information, news updates, offers and lots more.