Switzerland To Expand Tax Info Sharing Network
by Ulrika Lomas, Tax-News.com, Brussels
22 August 2014
The Swiss Federal Council has adopted a dispatch on tax information exchange agreements (TIEAs) with Andorra, Greenland, San Marino, and the Seychelles. The dispatch will now be submitted to parliament for its approval.
Switzerland signed a TIEA with Greenland on March 7, with Andorra on March 17, with San Marino on May 16, and with the Seychelles on May 26. Each must be approved by parliament before it can enter into force, and may be subject to an optional referendum.
The Federal Council said that during the hearing procedures that followed the completion of negotiations, the cantons and stakeholders expressed their support. All of the TIEAs comply with the international standard.
Switzerland's TIEAs with Jersey, Guernsey, and the Isle of Man are scheduled to enter into force during the fourth quarter of 2014, providing they are not subject to a referendum.
To see today's news, click here.
Tax-News Reviews
A review and forecast of Cyprus's international business, legal and investment climate.
A review and forecast of Malta's international business, legal and investment climate.
A review and forecast of Jersey's international business, legal and investment climate.
A review of the latest budget news and government financial statements from around the world.
Stay Updated
Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.
By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.
To manage your mailing list preferences, please click here »
