According to the media release of the Federal Tax Administration (FTA) of 7 October 2019, the FTA has exchanged information on financial accounts with 96 countries. The exchange takes place within the framework of the global standard on the automatic exchange of information (AEOI).
This involves reporting identification, account and financial information, including name, address, country of residence, tax identification number, details of the reporting financial institution, account balance and investment income.
Data was exchanged reciprocally with 70 countries, and Switzerland received information from 26 countries but did not transmit any itself. 8,500 reporting financial institutions are registered with the FTA.
New additions this year are Antigua and Barbuda, Azerbaijan, Dominica, Ghana, Lebanon, Macao, Pakistan, Qatar, Samoa and Vanuatu.
Further information is available here.
