Published on 19 February 2016

Switzerland signs declaration on introduction of AEOI with South Korea and initiates consultation

Bern, 19.2.2016 - Switzerland has signed a joint declaration on the introduction of the automatic exchange of information (AEOI) in tax matters on a reciprocal basis with South Korea. The two countries intend to start collecting data in accordance with the global AEOI standard in 2017 and first transmit data in 2018, after the necessary legal basis has been created in both countries.