The following tax treaties with individual states or the European Union are essential for taxpayers:
- Automatic information exchange (AIA)
- FACTA II (only US citizens)
- Double tax agreements with or without administrative assistance
The following tax treaties with individual states or the European Union are essential for taxpayers:
For individuals resident in Switzerland, Swiss bank confidentiality is not effected by the implementation of the new global standards of the automatic information exchange (AIA). However, tax fraud and serious tax evasion make it possible to repeal bank confidentiality.
All Swiss taxpayers with accounts, real estate, investments or pensions abroad, which have not been declared in Switzerland, should consult a tax expert. In most cases a voluntary declaration (self-denunciation) is advisable, as early as in 2017 to avoid high fines additionally to regular tax payments.
The Following information is transferred:
The Swiss Tax Administration (EStV) is responsible for the execution of the automatic information exchange (AIA). All the states with major centres for finance have introduced the automatic information exchange.