What is the automatic exchange of information?

The Automatic Exchange of Information (AEOI) is a reporting standard established by the Organization for Economic Co-operation and Development (OECD) aimed at reducing tax evasion. It enables the tax authorities in participating countries to obtain financial information about their taxpayers' accounts abroad. Switzerland will apply the AEOI to foreign taxpayers, and on 1 January 2017, banks in Switzerland began gathering the necessary information for the AEOI.  

BCV has published a flyer with more information about the AEOI and its implementation in Switzerland.

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